What is the name of your state?What is the name of your state? CA
I googled everywhere on this, all I could find was links to download the form, but nothing that explains it in my situation.
My wife and I agreed that I would retain title to my house that I acquired prior to the marriage; however she didn't want to sign any prenuptials
I was advised by my attorney that by not using commingled funds to pay off equity, my wife would have less financial interest in the house. To do this I would need to refinance my house for a no interest loan prior to getting married
My wife agreed to this but she objected to signing any kind of pre or post nuptials.
My loan officer did a horrible job and kept delaying my loan to just a few days before the marriage. When the escrow officer came to have me sign the new loans, it turned out the forms were for a traditional loan. (with a higher rate than what I was originally paying)
It was so close to the wedding date that was no way to get another set of documents for me to sign in time before the marriage. The loan officer continually reassured me that it doesn't matter if the loan documents are signed after I am married. I asked repeatedly if my wife would have to sign anything and he repeatedly said no.
So nearly a month after we were married, the escrow officer finally came with the correct documents. It was very awkward signing them in front of my new wife.
Suddenly the escrow officer whips out an "Interposal Transfer Grant Deed" and said that now that I am married, my new wife has to sign or the loan won’t go though.
The escrow officer did not know what the form was for, only that it needed to be signed.
This got me very upset, and it created an ugly situation between my new wife and me.
This was the day before my 30 day late. I did not want to make my payment after we were married because I didn’t want to use commingled funds which would defeat the whole purpose of this loan.
My wife initially did not want to sign the transfer deed, but reluctantly did without anyone in the room knowing what the form was for.
Afterwards, I contacted my attorney and he told me that form was just a technicality to ensure the loan to go through. It was remotely possible that my new wife could make herself the First Trust Deed after the loan was funded but before it was recorded making my loan company the Second Trust Deed. This form needed to be signed to eliminate that possibility.
Her attorneys said told my wife that she signed away all interest that he had rights to on my property.
I am not sure how someone could sign away rights for something they never had, but we can’t seem to come to an agreement on this.
Can someone explain in plain English exactly what that document was for and what my wife lost by signing it.
Thank you
I googled everywhere on this, all I could find was links to download the form, but nothing that explains it in my situation.
My wife and I agreed that I would retain title to my house that I acquired prior to the marriage; however she didn't want to sign any prenuptials
I was advised by my attorney that by not using commingled funds to pay off equity, my wife would have less financial interest in the house. To do this I would need to refinance my house for a no interest loan prior to getting married
My wife agreed to this but she objected to signing any kind of pre or post nuptials.
My loan officer did a horrible job and kept delaying my loan to just a few days before the marriage. When the escrow officer came to have me sign the new loans, it turned out the forms were for a traditional loan. (with a higher rate than what I was originally paying)
It was so close to the wedding date that was no way to get another set of documents for me to sign in time before the marriage. The loan officer continually reassured me that it doesn't matter if the loan documents are signed after I am married. I asked repeatedly if my wife would have to sign anything and he repeatedly said no.
So nearly a month after we were married, the escrow officer finally came with the correct documents. It was very awkward signing them in front of my new wife.
Suddenly the escrow officer whips out an "Interposal Transfer Grant Deed" and said that now that I am married, my new wife has to sign or the loan won’t go though.
The escrow officer did not know what the form was for, only that it needed to be signed.
This got me very upset, and it created an ugly situation between my new wife and me.
This was the day before my 30 day late. I did not want to make my payment after we were married because I didn’t want to use commingled funds which would defeat the whole purpose of this loan.
My wife initially did not want to sign the transfer deed, but reluctantly did without anyone in the room knowing what the form was for.
Afterwards, I contacted my attorney and he told me that form was just a technicality to ensure the loan to go through. It was remotely possible that my new wife could make herself the First Trust Deed after the loan was funded but before it was recorded making my loan company the Second Trust Deed. This form needed to be signed to eliminate that possibility.
Her attorneys said told my wife that she signed away all interest that he had rights to on my property.
I am not sure how someone could sign away rights for something they never had, but we can’t seem to come to an agreement on this.
Can someone explain in plain English exactly what that document was for and what my wife lost by signing it.
Thank you