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Ownership Title Requirements

Ownership Title Requirements

Owned by Greg Garfinkel (Unlicensed)
Last updated: Jul 22, 2024 by Rafael Gonzalez
2 min read

EverFixed and/or EverFlex

Title Requirements:

Ownership by Individuals

One or more applicants:

  • Applicant or Applicants must be on the Home’s Title.

  • If a co-applicant in the agreement is needed; it will be required that both (Primary and Secondary) are registered in the Title of this property (We will not allow a Co-Signer that is not in Title).

  • We will not accept a Credit application with someone that is not in the Title of the property, meaning that either the Applicant or Applicants must be on he Credit Application too

  • The exact name(s) from the title must be on the homeowner agreement and must be executor(s) of the agreement.

Ownership by Trust

  • At least one trustee must reside in the property and sign the agreement.

  • The exact name of the trustee as listed on the trust agreement must be on the EverFixed and/or EverFlex agreement.

  • Additional documents required: pages of the document/trust which shows the full name of the trust, all trustees, the date of formation of the trust, and the signature page of the trust.

Ownership by LLC, S Corp, and C Corp

  • A director or officer of the entity must reside in the property and must be an executor of the agreement.

  • One or more applicants must pass credit requirements and sign the agreement.

  • Additional documentation required: business formation documents showing all officers and directors of the entity, and the signature page of the business formation documentation.

EverOwn

Title Requirements:

  • Applicant or Applicants must be on the Home’s Title.

  • If a co-applicant in the agreement is needed; it will be required that both (Primary and Secondary) are registered in the Title of this property (We will not allow a Co-Signer that is not in Title).

  • We will not accept a Credit application with someone that is not in the Title of the property, meaning that either the Applicant or Applicants must be on he Credit Application too

  • The exact name(s) from the title must be on the homeowner agreement and must be executor(s) of the agreement.

Ownership by Trust

  • At least one trustee must reside in the property and sign the agreement.

  • The exact name of the trustee as listed on the trust agreement must be on the EverOwn agreement

  • Additional documents required: pages of the document/trust which shows the full name of the trust, all trustees, the date of formation of the trust, and the signature page of the trust.

Ownership by LLC, S Corp, and C Corp

  • A director or officer of the entity must reside in the property and must be an executor of the agreement.

  • One or more applicants must pass credit requirements and sign the agreement.

  • Additional documentation required: business formation documents showing all officers and directors of the entity, and the signature page of the business formation documentation.