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#1742206 - 09/19/12 05:42 PM Trust and DOT
Em Offline
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Joined: Jan 2004
Posts: 125
Omaha, Nebraska
Our borrower lives in a marital state. The home is owned by a trust and the trustee of the trust is only the husband. Are we correct in that the husband will sign the DOT as trustee and the spouse will just sign as individual. Will the vesting need any reference to the spouse?

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#1742241 - 09/19/12 06:18 PM Re: Trust and DOT Em
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
You really need legal counsel from the State in which you are dealing. This will all depend on State law.
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