Legal Question in Real Estate Law in Virginia
real estate - va
when buying a new home, can the loan be in one persons name without their name being on title?
Asked on 10/07/07, 12:16 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: real estate - va
The deed of trust which is used in the Commonwealth to secure a debt for the purchase of real property would appear to require at least one owner of record on the deed itself as well as on the deed of trust instrument itself (the loan or mortgage)in order to be legally functional. That is not to say, of course, that the signatures of other co-signers of the loan would necessarily be unwelcome by the lender.
Answered on 10/13/07, 12:54 am
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