Wife not on mortgage does she have to sign purchase agreement?

[Matt Whiteside]

I have a couple looking to short sale their home. The mortgage is in husbands name only as well as the second. Wife waived her right's to the house. Now she is on the Lis Pendens. Do I have to have her fill out her info when submitting a ss package?

[James Ward]

Matt,

The wife is probable on the Deed. As for having her fill out any Short Sale info, it really depends on the Lender. Some Lenders want to see ALL income in the entire Household. While some just require the info from the person on the mortgage.

Have her fill out all info, so you donot waste time and have to return if the Lender ends up wanting her info also.

As for Curt's complaint, many people complain about Short Sales. But no one is forced into Short Sales, so if you don't like them, don't do them.