Does spouse have to sign deed of trust in Tennessee?
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Does spouse have to sign deed of trust in Tennessee?
Everyone who is on the title of the property is required to sign the deed of trust. In a "purchase money mortgage" transaction in which only one spouse owns the property, the other spouse is not required to sign the deed of trust.
What is considered marital property in TN?
Under Tennessee law, only marital property is subject to equitable division upon divorce. Specifically, marital property is defined as any assets or property acquired by either you or your spouse while you are married.
Can spouse be on deed if not on mortgage?
A person's name can be on the deed but not the mortgage. In such circumstances, the person is an owner of the property but is not financially liable for mortgage payments.
Should both spouses be on the deed?
If you and your spouse or registered domestic partner take title to a house together—that is, both of your names are on the deed—you both own it. If the property is valuable but has no title document, such as a computer, then the person whose income or property is used to pay for it owns it.
