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Question If 1 On Mortgage But 2 On Deed

JohnSilva
2008-03-09 17:17

When doing a short-sale, if two people are on the deed but only one of them is on the mortgage then do you need to still provide all documents (bank statements, financial statement, W-2s) for both people or only the person on the mortgage?


cjmazur
2008-03-09 23:15

The person on the mortgage.

But you need both people's agreement and signature at close.


JohnSilva
2008-03-10 08:20

Thanks, one last question,

should both sign the Purchase and Sales contract that the bank sees or should just the person on the mortgage?


TheShortSalePro
2008-03-10 09:46

for the sales contract to be accurate, the names of all owners of record must be included.


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