PDA

View Full Version : Why does lender want the deed on my wife rental property


atlien22
Nov 14, 2012, 05:28 PM
I am trying to refinance my house, and the lender wants a copy of the DEED on my wife rental property, because it shows our Living Trust having 1/3 ownership. My name is not even on the mortgage for the rental property. Is it normal/legal to give lender deeds to property you don't own?

smoothy
Nov 14, 2012, 06:32 PM
Because it will prove assets and help you qualify on the refinance... the days of no questions asked loans are over.