Question about Quit Claim Deed Date for Refi Purposes

[Mariah Jeffery]

I sent in a quit claim deed to the county to transfer two properties from my LLC to my personal name so that I can refinance with conventional financing. The county took a month to send it back because they didn't like where the notary put the stamp. I corrected it and sent it back in, and they'll probably take another month to finally record it. When I complained, they said the "date of instrument" will still be the date that the document was originally notarized. Does anyone know if the lender, for the purpose of the 6-month seasoning period, will go by the "date of instrument" or the date when the deed was finally recorded? There will be a difference of about 2 months in my case. TIA.

[Dion DePaoli]

Fannie/Freddie do not have title seasoning requirements for purchase money or rate & term refinance transactions. Further continuity of obligation is met if the LLC is owned by you. That said, some lenders may have an overlay on top of those guidelines, which if you encounter on just shop some more.

You can read Q&A updates around the same issue here: https://www.efanniemae.com/sf/guides/ssg/relatedsellinginfo/pdf/0822faqs.pdf