Posted By: Truffle Royale
marital property question - 09/28/20 07:25 PM
Never think you've seen it all....
Question put to me by lender: Husband lives here in WI, wife lives and is a resident in IA. I am refinancing the home in WI (husband's primary) the property however is in a Trust which is solely him according to the Trust Cert. She doesn't need to sign anything then right? She's not on the loan....
I am totally flummoxed by this one.
Initial feeling is it's in a Trust so marital property shouldn't apply.
Anyone got any confirmation for me and the LO?
Question put to me by lender: Husband lives here in WI, wife lives and is a resident in IA. I am refinancing the home in WI (husband's primary) the property however is in a Trust which is solely him according to the Trust Cert. She doesn't need to sign anything then right? She's not on the loan....
I am totally flummoxed by this one.
Initial feeling is it's in a Trust so marital property shouldn't apply.
Anyone got any confirmation for me and the LO?