Posted on: 13th Nov, 2010 06:51 am
I am trying to purchase a home in fl but i am estrange from my husband. I was told i cant because fl in a communal state. can you help me to understand?
thanks,
thanks,
Hi Donna70,
Welcome to mortgage fit,
Florida is a communal state.Communal state is nothing but property is owned by the family,even husband earn money and put down the down payment and pays all the mortgage still wife is entitled to get the 50 % stake in the property,no matter whose name is there on the deed.....
So if you purchase the home right now on your own then also your husband is entitled to receive 50 % stake in the home even if he haven't contributed a single penny towards the home purchase...
Communal state law believes that all the accomplishment and progress is the product of mutual efforts of a family....
So if at all you wish to purchase the home then you should first get divorced from your husband and then only you could be able to own the property solely on your name....
Feel free to ask any further query if you have.........
DIPA
Welcome to mortgage fit,
Florida is a communal state.Communal state is nothing but property is owned by the family,even husband earn money and put down the down payment and pays all the mortgage still wife is entitled to get the 50 % stake in the property,no matter whose name is there on the deed.....
So if you purchase the home right now on your own then also your husband is entitled to receive 50 % stake in the home even if he haven't contributed a single penny towards the home purchase...
Communal state law believes that all the accomplishment and progress is the product of mutual efforts of a family....
So if at all you wish to purchase the home then you should first get divorced from your husband and then only you could be able to own the property solely on your name....
Feel free to ask any further query if you have.........
DIPA