Do FHA loan regulations allow for the loan to have only one borrower but two names on the title?

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Do FHA loan regulations allow for the loan to have only one borrower but two names on the title?

brian3

Posted on: 18th Jun, 2009 05:53 am

i am aware that we could have an attorney draw up quit claim deed but is it possible to have me take part in signing all of the documentation ie. buyer's offer, lead form etc. without being on the loan.

is this in accordance with fha loan regs?

thanks

Total Reply : 1

You cannot be on the contract for the property but you can sign the deed. If you sign the deed you will be required to sign the truth in lending and a few other documents. The reason for that is if the bank has to foreclose you also will be removed.

brian3

Posted on: 18th Jun, 2009 06:38 am

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