Saturday, May 10, 2008

query: does spouse have to sign a rider

A rider to the mortgage instrument is a part of the mortgage and so I would have the spouse sign the rider.

The purpose of having a non-vested spouse sign the mortgage is to validate the lien. If there is a dispute later and the spouse attempts to stop a foreclosure, would the lack of signature on the rider impact the lender's ability to foreclose? Maybe. Maybe not, but why take the chance?

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