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#2002355 - 03/18/15 03:58 PM Signatures required on mortgage?
gunches Offline
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We are doing a loan for a borrower who remarried after her first husband passed away. Her current husband is not a owner of the real estate we are using for collateral. He is signing the note, does he need to sign the mortgage as well? I believe he does, but wanted some verification.

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#2002363 - 03/18/15 04:13 PM Re: Signatures required on mortgage? gunches
JWills, CRCM Offline
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JWills, CRCM
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The Mitten State
I believe if it is his primary residence he needs to sign.
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Nonsense wakes up the brain cells.

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#2002601 - 03/19/15 02:23 PM Re: Signatures required on mortgage? gunches
Dan Persfull Online
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Dan Persfull
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Bloomington, IN
If he has no ownership in the property then why would he need to sign the mortgage?

If he does it would strictly be a state law issue.
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The opinions expressed are mine and they are not to be taken as legal advice.

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#2002638 - 03/19/15 03:52 PM Re: Signatures required on mortgage? gunches
JWills, CRCM Offline
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JWills, CRCM
Joined: May 2013
Posts: 1,741
The Mitten State
I know in Michigan, if it is his primary residence, then he has to sign. If it is not, then he is not required. Similar to dower rights for a wife.
_________________________
Nonsense wakes up the brain cells.

--Dr. Seuss

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#2002645 - 03/19/15 04:15 PM Re: Signatures required on mortgage? gunches
Dan Persfull Online
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Dan Persfull
Joined: Aug 2002
Posts: 46,641
Bloomington, IN
There is no such requirement in IN. As I said if they are required to sign then it's a matter of state law.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

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