What is a non-obligatory form ?

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Icon Mini Profile zookeeper11232





Joined: 14 Oct 2008

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Post Posted: Tue Oct 14, 2008 9:04 pm    Post subject: What is a non-obligatory form ?
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We took out a second mortgage and the lender wants me to sign a non-obligatory form because my name is not on the deed. Should I sign this and should I put my name on the deed ? How would I go about putting my nameon the deed? We live in TN.
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Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

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Post Posted: Tue Oct 14, 2008 11:08 pm    Post subject:
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Hi zookeeper,

Welcome to forums.

The lender wants to make sure that you are not the primary borrower of the loan. The payments of the dues rests with the primary borrower. If you add your name to the deed, then you will not require to sign the deed. If you want to add your name to the title of the property, you can sign a quitclaim deed and notarize and file it in the county recorder's office.

Thanks.
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