Posted by jackie/PA on 11/17/10 2:27pm
Msg #361720

mortgage riders

Does anyone else have title companies disagreeing on what riders to a mortgage are?

Reply by Ilene C. Seidel on 11/17/10 2:38pm
Msg #361722

What does the title company say they are?

Reply by ReneeK_MI on 11/17/10 2:56pm
Msg #361730

don't see how it could be debated

a Rider will usually be titled as such, and it will say in the beginning that it's a rider to the Security Instrument, and it will usually also notate that at the bottom as well. Typical Riders are the "1-4 Family Rider" (for rental property), "Planned Unit Development Rider" & the Condo Rider.

Addendums to the Note are labeled as such, and in the beginning of the verbiage it will make itself clear. I see a lot of Addendums reflecting the lender's required venue, should a lawsuit ensue.

Reply by Linda_H/FL on 11/17/10 3:00pm
Msg #361732

And we here southerners here have your basic ole

Mobile/Manufactured Home Rider that gets attached together with the Affixation Affidavit that sometimes gets recorded...

Reply by Donna McDaniel on 11/17/10 5:12pm
Msg #361752

Re: And we here southerners here have your basic ole

That reminds me...Linda, where the heck does one find the model #, serial #, or manufacturers # on those things?!
They are NEVER prefilled with the info.

I had one guy who didn't know the length and width so he got out his tape measure and outside we went! No lie!!

Reply by Linda_H/FL on 11/17/10 5:21pm
Msg #361753

Absent the easy way (the bill of sale or the registration)

There's usually something on the wall in the utility room/furnace room/laundry room - a plate or some posting indicating all the info required.

Reply by Donna McDaniel on 11/17/10 5:44pm
Msg #361760

Re: Absent the easy way (the bill of sale or the registration)

Thanks, they never seem to know where the registration is, now I know where to look. I've only done a few and I have been calling Title and asking them to fill it out.

Reply by MichiganAl on 11/17/10 5:37pm
Msg #361758

And...

The box should also be checked off on the mortgage indicating attached riders.

Reply by Jodith Allen on 11/19/10 10:34am
Msg #361966

Re: don't see how it could be debated

Also seen a lot of manufactured home riders.

Reply by Linda_H/FL on 11/17/10 2:58pm
Msg #361731

Think I'd like to hear more about what's going on here..

this sound...heh...interesting...

Reply by taxpro on 11/17/10 3:26pm
Msg #361737

My guess is

My guess is that they are in disagreement over which documents the non-borrowing spouse should have signed. Rider to note, no. Rider to mortgage, yes. Can't think of why else it would matter.

Reply by MW/VA on 11/17/10 4:51pm
Msg #361748

I wouldn't advise getting into any debate with a tc over

what the docs are. It definitely could be considered UPL. It's our job to get the docs sign as per the instructions, period.

Reply by PAW on 11/17/10 6:42pm
Msg #361763

Re: I wouldn't advise getting into any debate with a tc over

If the TC says to get the NoBS to sign the mortgage, to me that would include all riders to the Mortgage or DOT. You shouldn't have to be told to get the NoBS to sign the mortgage and all riders, since the riders are actually part of the mortgage or DOT.

Reply by MW/VA on 11/18/10 10:56am
Msg #361800

I totally agree. n/m

Reply by Julie/MI on 11/17/10 9:28pm
Msg #361783

non borrowers sign the riders to mortgag although their names sometimes are missing.

Don't know if I would disagree with title on it, if they don't want them signed, they have an unperfected lien which is not my problem.