Full Disclosure… - Posted by JT-IN
Posted by JT-IN on September 18, 2003 at 21:11:41:
This way the title company if protected for any possible future liability issue that may arrise from You taking the title in your name. By her waiving her dower rights, she couldn’t very well say later, that “she didn’t know that you bought this property”.
They are simply protectecting against a few potential liability issues in doing so. The other thing is, that if you were getting a mtg on the property, and your wife was not on title, they Bank would require the waiver of dower. As a matter of practice, the Title company may require this just the same, whether there is a Lender or not… Some times Title Co’s do things for no real good reason, other than… “that is how we always do it”… Duh.
Just the way that I view things…