Capture a borrower/nonborrower/owner situation
GoDocs gives you the option to select Non-Standard Vesting. In order to correctly capture the borrower/nonborrower/owner situation you would navigate to the Property Tab and select:
Selecting the highlighted will then give this prompt: "Please fill out Co-Owner information on the Borrower Page". On the Borrower Tab if you scroll further down on that page you will see a tab to "Add Co-Owner"
That will open the fields to enter co-owners one at a time. Make sure you select the entity type (corporation, individual etc), verify if they are using borrowers address or enter each address of co-owner), add signatories etc.
Make sure you also select the property that is owned, should there be more than just one property. You can do so by checking box next to Co-owner #1:
Once finished entered all the co-owners that are non-borrowers, please head back to the Property page to select to enter the correct vesting information by checking the box for "Title vesting at closing will be other than as shown above" and enter all the OWNERS of the property as per your liking (interest percentages go into this field).
As it pertains to the non-standard vesting, the co-owner/non-borrower would execute the deed of trust and that document includes language that addresses the loan structure and identifies the non-borrower's involvement. As such we do handle that borrowing/non-borrowing owning scenario.
