Posted by pat/WA on 9/13/12 11:28am
Msg #434206

Had a First

Documents include signature lines for a borrower that has been dead for 11 years. A request for a copy of her death certificate was also included.

Reply by DaveCA/CA on 9/13/12 11:33am
Msg #434210

Isn't it awful? You're at the table and ask, "Is John or Jane going to be able to join us today? I see they are on the paperwork". Quick, hit the disappear button. I just feel so bad when that happens.

Reply by Jessica Ward on 9/13/12 12:00pm
Msg #434216

That's so awful. Been there.

Did that once and the borrower cried. I felt awful for a week. what kind of insensitive loan officer/title officer does that? They HAD to know...

Reply by Yoli/CA on 9/13/12 1:34pm
Msg #434238

Maybe they just forgot to tell you you were also conducting a seance.

Reply by Marian_in_CA on 9/13/12 12:03pm
Msg #434217

I've seen things like that before... usually it was handled by the executor of the estate because the estate hadn't been settled yet. 11 years seems like an awfully long time, but in some circumstances, maybe not... maybe there was no estate or probate proceeding because the person had limited assets?

Reply by Linda_H/FL on 9/13/12 12:04pm
Msg #434218

Surprised they didn't have to do SOMETHING

through probate, if only for state estate succession tax purposes.

Reply by ikando on 9/13/12 1:46pm
Msg #434241

Re: Surprised they didn't have to do SOMETHING

Linda, it's been my experience if the "estate" is under a certain amount (not sure off the top of my head how much), then there is no tax requirement. Oftentimes, if a house is the only thing in the estate, there is no probate either.

I am surprised that when the signer reviewed the documents pre-closing (three-days prior to close?) period, that they didn't bring it to the attention of whomever.

Reply by Linda_H/FL on 9/13/12 4:38pm
Msg #434284

Probably a state-specific thing...in CT you had to

at least file "for tax purposes" - and clear the title to the property of any possible lien by the state, at which time the vesting was fixed.

Reply by Clem/CA on 9/13/12 12:16pm
Msg #434220

Had one of those but a little worse. The refi was on the Dead guys birthday! No one told the escrow that he was gone and no one had changed the DOT. I did not ask for the ghost writer.

Reply by bahama on 9/15/12 12:35am
Msg #434473

Had that happen to me once. 1st trip borrower informed me that her husband was dead and had been dead for about 5 years, called co. they told me to get the death certificate. Went back for the second time, same thing, went back for the third time we called the LO, assured her that it would end. The 4th time was a charm misplaced the death certificate had to get another original coy. But by the 5th time ever thing was good. I got paid for each of the trips, I made full pay.