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Title seasoning is when the lender requires the seller to be on title for a certain amount of time prior to closing. Title seasoning is only an issue when the buyer is in need of financing. So if you are a buyer who needs financing and you are buying from a seller who's been on title for a week, you need to have your mortgage broker find a lender who does not have title seasoning requirements.

If you are a seller, you either need to wait 90 days before you sell a property since that's what a lot of lenders require, find a cash buyer who doesn't need financing, or find a lender that does not have seasoning requirements.

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11y ago

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Your exhusband and you are mortgagees on your 1st mortgage you got house and debt in divorce you want to get a 2nd mortgage with your Dad as co-signer on Note Is this problematic?

You need to find a title attorney, take your wife off title, and add your father to title. Most mortgage companies have seasoning requirements of anywhere between 90-days and 12-months. Go through a mortgage broker and tell them the entire situation. They will find a lender with lower seasoning requirements. A broker may be able to educate you more on the mortgage side but very limited with title issues. Ask him or her their lowest seasoning requirements.


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