Sole and Separate definition

Sole and Separate means a married spouse is taking title to the property in their name only. MFA allows a borrower to take title in this manner only if the following apply: Spouse is under age to take title; Spouse does not have a Social Security Number; Spouse has bad credit. However, ALL household income needs to be counted toward the income eligibility.
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Examples of Sole and Separate in a sentence

  • Vesting As ☐ As Husband and Wife ☐ A Single Man ☐ A Single Woman ☐ A Married Man as His Sole and Separate Property ☐ A Married Woman as Her Sole and Separate Property ☐ As Joint Tenants ☐ As Tenants in Common ☐ A Limited Liability Company (Please specify) ☐ Other (Please specify) ☐ Tax Mailing Address is the same as the address provided on Page 1 (If not, please complete below).

  • Any Member who marries subsequent to the execution of this Agreement must cause such new spouse to execute the Disclaimer of Spouse’s Sole and Separate Property in the form attached to this Agreement as Exhibit B, and the failure to do so constitutes a material breach of this Agreement by such Member.

  • Each Member who is a married individual must cause his or her spouse to execute the Disclaimer of Spouse’s Sole and Separate Property in the form attached to this Agreement as Exhibit B, and the failure to do so constitutes a material breach of this Agreement by such Member.