Taking New Title

[jyeh74]

My question involves real estate located in the State of: CA

If you usually take title as Trustee of ABC trust. If there is a need for a co signer on the loan, does the co signer also have to be on title? Or can you take title normally, by the trust?

This article is saying that co signer on loan doesn’t have to be on title,but I’ve heard from some people that sometimes escrow may require it.

https://homeguides.sfgate.com/cosign...use-42797.html

[flyingron]

Legally there's no link between the names on the title and the names on the loan. The entity who is the owner is going to have to consent to whatever security instrument (deed of trust, mortgage lien, etc) is used.

The bank may or may not want the names on the loan and the title to match, but usually, they're happy with more people being subject to the loan than actually have a property interest.

[adjusterjack]

This article is saying that co signer on loan doesn’t have to be on title,but I’ve heard from some people that sometimes escrow may require it.

Don't rely on articles or "some people."

It's what the lender wants that counts.

[pg1067]

If you usually take title as Trustee of ABC trust. If there is a need for a co signer on the loan, does the co signer also have to be on title? Or can you take title normally, by the trust?

Real estate lenders normally insist that anyone obligated on the loan also be on title.

This article is saying that co signer on loan doesn’t have to be on title,but I’ve heard from some people that sometimes escrow may require it.

Escrow companies do not impose requirements. Escrow companies do what they are required to do by the escrow agreement that is made between the parties to the sale. If a lender does not require that a co-signer on a mortgage loan not be on title, then the escrow company has no place to insist otherwise.