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many states are spousal states and require that you.......
Posted by  dickb/wi of WI on 8/27/08 6:50pm Msg #262090
stae whether this is a loan on your own or joint credit........in wisconsin they go a step further and state "this loan is in the interest of the marriage and family".......if a person in this state has a loan only in the borrowers name [and not the spouse] the spouse is still liable for 50% of the loan.....if you take out a loan in your name only the state requires that the lender notify your spouse of that fact.......if the lender doesn't notify the spouse there could be serious consequences for the lender......we are more than a spousal state...we are a marital property state which is markedly different than a community property state or the normal spousal state.....hope this helps some......
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Messages in this Thread
 1003 and Statement of Intent to Apply for Joint Credit -  GA/Atty on 8/27/08 6:37pm
 many states are spousal states and require that you....... -  dickb/wi on 8/27/08 6:50pm
 Re: 1003 and Statement of Intent to Apply for Joint Credit -  PAW on 8/27/08 7:02pm
 Re: 1003 and Statement of Intent to Apply for Joint Credit - RickinVA on 8/27/08 7:06pm
 Re: 1003 and Statement of Intent to Apply for Joint Credit -  GA/Atty on 8/27/08 7:12pm
 Re: 1003 and Statement of Intent to Apply for Joint Credit -  NCLisa on 8/27/08 8:25pm
 Re: 1003 and Statement of Intent to Apply for Joint Credit -  MikeC/NY on 8/27/08 8:31pm
 If you are looking for a 'good' reason, you're in the wrong - Lee/AR on 8/27/08 8:28pm
 The reason I have heard is that some notaries cannot -  JanetLA on 8/27/08 8:59pm
 I do exactly what Lee does -  Joan Bergstrom on 8/28/08 1:16am
 Re: 1003 and Statement of Intent to Apply for Joint Credit - SReis on 8/27/08 10:22pm
 GA/Atty, I really love the way that attys think. -  Charles_Ca on 8/28/08 12:00am
 Re: 1003 and Statement of Intent to Apply for Joint Credit - Rick_NY on 8/28/08 9:54am
 Re: 1003 and Statement of Intent to Apply for Joint Credit - WDMD on 8/28/08 10:18am
 That MIGHT be a good idea, but -- - Rick_NY on 8/28/08 10:29am
 Re: That MIGHT be a good idea, but -- - WDMD on 8/28/08 10:36am
 Re: That MIGHT be a good idea, but -- - WDMD on 8/28/08 10:36am
 OOOPS didn't mean to post twice n/m - WDMD on 8/28/08 10:38am
 Whiting out a signature on a loan app? Really?? n/m - Rick_NY on 8/28/08 10:47am
 You don't think anything like that has been done before? n/m - WDMD on 8/28/08 10:50am
 Rick - wdmd is correct. Things like this are common. -  BrendaTx on 8/28/08 11:35am
 Brenda, I'm not sure what you're suggesting. - Rick_NY on 8/28/08 12:04pm
 Re: Brenda, I'm not sure what you're suggesting. - WDMD on 8/28/08 12:30pm
 WDMD: OK, go ahead and do the job incorrectly just because-- - Rick_NY on 8/28/08 3:27pm
 Re: WDMD: OK, go ahead and do the job incorrectly just because-- - WDMD on 8/28/08 3:42pm
 Link to U/W Guidelines - Rick_NY on 8/28/08 4:18pm
 Re: Link to U/W Guidelines - WDMD on 8/28/08 4:27pm
 I am just saying who knows what -  BrendaTx on 8/28/08 2:28pm
 Re: I am just saying who knows what - Rick_NY on 8/28/08 2:46pm



 
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