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    atlien22's Avatar
    atlien22 Posts: 1, Reputation: 1
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    #1

    Nov 14, 2012, 05:28 PM
    Why does lender want the deed on my wife rental property
    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's Avatar
    smoothy Posts: 25,492, Reputation: 2853
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    #2

    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.
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