December 10, 2020Published by David Dickard on December 10, 2020Categories Underwriting Q & A's UtahUNDERWRITING Q&A: I have a property that is being sold, encumbered or purchased by a trust. Is there an alternative in Utah for requiring a copy of the trust agreement? (UT)A. Yes. A certification of trust statement from a trustee pursuant to UCA 75-7-1013. The statute states that in lieu of furnishing a copy of the […]
December 10, 2020Published by David Dickard on December 10, 2020Categories New Mexico Underwriting Q & A'sUNDERWRITING Q&A: I have a party who wants to put minor children into title to real property. What is the best way to do this? (NM)A. As custodian for the minor child/children under NMSA 46-7-11, commonly referred to as the Uniform Transfers to Minors Act. When preparing the deed, an adult […]
June 25, 2014Published by David Hays on June 25, 2014Categories Underwriting Q & A'sQ & A | R-5 “Simultaneous Issue” RuleQ: When a purchaser who is executing a purchase money note and deed of trust for the purchase of real property is required to put up […]