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Spouse signature required

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Amy

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0.10 Dollars($)

PostPosted: Tue Feb 12, 2008 4:47 pm    Post subject: Spouse signature required

I am in currently in the process of refinancing my mortgage. I am newly married and my husband is in the military and currently serving in Afghanistan. The problem lies in that TN is a spouse state and they are requiring his signature on the Title, and obtaining a Power of Attorny from him in Afgahanistan will take about another month. Is there anything else that I can do, to close on this mortagage, other than wait to recieve a general power of attorny.

Does the quit claim deed apply to currently married couples? Or is there any kind of variance we can get in order to close on the loan.

Thanks
Amy

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Icon Mini Profile larry



Joined: 27 Jun 2007

Posts: 3051



428.03 Dollars($)

PostPosted: Tue Feb 12, 2008 5:15 pm    Post subject:

Hi Amy,

Welcome to the forum.

Your husband can quitclaim to you but in that case you will have to take the loan on your name and only your income will be considered - not your husband's income. So do you have good enough income to qualify for the loan?

Best of luck,
Larry
 
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