Posted on: 22nd Jul, 2012 03:25 pm
We are co-signing for our son's mortgage (1st time buyer). Do we have to be on the Deed of Trust also.
Hi NVS,
As far as I know, you will have to be on the deed of trust as well. It will be better if you could contact the lender in this regard and take his opinion.
Thanks
As far as I know, you will have to be on the deed of trust as well. It will be better if you could contact the lender in this regard and take his opinion.
Thanks
Hi NVS!
Welcome to forums!
You may even contact a real estate attorney and take his opinion in this regard.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You may even contact a real estate attorney and take his opinion in this regard.
Feel free to ask if you've further queries.
Sussane
No. You'll be on the note, but not Title. It's a risky place to be, because you'll be responsible for the mortgage, without any ownership benefits.
