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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Wells Fargo is scrutinizing the paperwork more closely. Posted by Ward-CA- on January 08, 2004 at 6:07 AM In Reply to: Seller vs. Buyer Trustee posted by Chris on January 07, 2004 at 9:35 AM : From a couple months ago: : Ward wrote: : "Because of a directive I saw from Wells Fargo in July, insisting that the seller be her own trustee when transferring from herself to her trust, we have reverted to using two deeds rather than one." : In this directive, is Wells cracking down and imposing the dos clause on those transfers to trust they suspect are actual sales? : Or is using two deeds the preferred method now because it makes getting clear title easier when you eventually sell to the end buyer? : Thx! =============== It's the case of Wells Fargo becoming more diligent and carefully checking each deal for possible due-on-sale infractions. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : From a couple months ago: : : Ward wrote: : : "Because of a directive I saw from Wells Fargo in July, insisting that the seller be her own trustee when transferring from herself to her trust, we have reverted to using two deeds rather than one." : : In this directive, is Wells cracking down and imposing the dos clause on those transfers to trust they suspect are actual sales? : : Or is using two deeds the preferred method now because it makes getting clear title easier when you eventually sell to the end buyer? : : Thx! : =============== : It's the case of Wells Fargo becoming more diligent and carefully checking each deal for possible due-on-sale infractions. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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