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mortgage company approval to record a deed (1 viewing) (1) Guest
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TOPIC: mortgage company approval to record a deed
#6987
Jackie (User)
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mortgage company approval to record a deed 7 Years, 5 Months ago Karma: 3  
I purchased a house prior to marriage and the house was titled in my name alone. Now that i am married, i would like to add my spouse's name to the deed. I contacted the mortgage company and they said that the only way they would let me record the new deed that included the name of my spouse, is if my spouse signed as a guarantor on the deed. My question is whether they can request that and what are my options if my spouse doesnt want to sign for the mortgage? Can i just prepare a deed and not file it? Assume the state is Ohio.
 
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jano (Moderator)
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Re:mortgage company approval to record a deed 7 Years, 5 Months ago Karma: 0  
The mortgage company has the right to demand additional guarantors on the mortgage if other persons are added to the deed. So, your options are to:

1. Add your spouse to the mortgage and get an updated title commitment
2. Get a new mortgage with your spouse and pay off the old one
3. Add your spouse to the new deed but dont record the deed until after your mortgage is paid off or until the first to die. This option should be your last choice, as you want to record the deed and gain creditor protection if you live in a state that offers husband and wife tenants by the entirety protection.
 
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