Had a similar situation along these same lines… - Posted by SusanL.–FL
Posted by SusanL.–FL on December 03, 1999 at 12:34:48:
I sold a SFH to a husband and (I thought) his ‘wife’ using a ‘wraparound’. Had the closing in my lawyers office. Husband was always saying ‘my wife this’, my wife that’ so I ASSUMED he was married. Wrong…
Long story short…They weren’t married …and because of his culture/heritage (whatever you want to call it), he did not want his ‘wife’ on the mortgage or deed. (So much for protecting her and their 2 little kids.)
Well, guess what! So that I was protected, my lawyer made her sign all of the papers. It took some doing but she finally came into their office.
I really wish he had been up front (and honest) with me to start. But who knows, I might not have sold him the property (becuase of it).
This guy still seems to be very ‘cautious’ and untrusting. For instance, after I sold the property to him, I made up monthly payment coupons for him to submit with his payment each month. (I used the SAME exact format of the one I have from my bank for one of my loans.)
I even told him I would sign/date it each month as a receipt. Not good enuf…
‘Susanita! Susanita! Isn’t there something else you can give me, por favor?’
(Si Si!) So—now I handwrite a receipt for him EVERY month.