owner-occupy

Hi meme,

Welcome to our forum.

As you mentioned that your name on not a loan & your name present on deed that means your are owner of your of property so would like to advice you that There is your name on loan is not important that your name on deed. Deed is the best proof of your ownership.

Thanks & Regards.
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gunz.ijjistaff

yes, indeed, meme...your property is owner-occupied.

i have query.......
is it possible that name not in loan and its in deed? I am surprised with this question any anyone guide me.

Very possible that you may have one of the owners of the property on the deed and not on the loan. If for whatever reason one of the owners cannot go on the loan for credit or income purposes, they may still be on the deed. I hope this helps...

thanks everyone...

not sure why you're asking this question but if it has to do with a refinance, read lender letter 07-23 on efanniemae. this has tripped up a number of souls who found they were in a cash-out refinance situation -- extra llpas.

Hi

Meme, your property will be considered as owner-occupied since you are on the title and you stay on the property. But why are you asking this question? Are you refinancing?