Posted on: 20th Jul, 2009 09:08 am
[size=12:25caa13059][color=Red:25caa13059][font=Georgia:25caa13059]7 years makes me buy my house, and I married two years ago. My husband is asking to add it in the deed. I am not sure if it's a good idea or not, since I bought it long before we begin our relationship. If I add to it in the deed, which would be the advantages and disadvantages of this event? If I died he would be home?[/font:25caa13059][/color:25caa13059][/size:25caa13059]
Hi Morena,
Welcome to our forum.
I think there few advantages is available is you add him to deed. But disadvantages is that, If you get divorce he will be the 50% owner of the property.He will also be the ownership of the property & he can do anything with his share of house.
After you death he will be the owner of property as beneficiary.
If you trust him then you can add him other viz in my opinion do not take risk.
Thanks & Regards.
gunz.ijjistaff.
____________________________________________________________
You can ask your queries to us anytime & we will definitely help you, Its our pleasure. This is the World's Largest Mortgage Community.
Welcome to our forum.
I think there few advantages is available is you add him to deed. But disadvantages is that, If you get divorce he will be the 50% owner of the property.He will also be the ownership of the property & he can do anything with his share of house.
After you death he will be the owner of property as beneficiary.
If you trust him then you can add him other viz in my opinion do not take risk.
Thanks & Regards.
gunz.ijjistaff.
____________________________________________________________
You can ask your queries to us anytime & we will definitely help you, Its our pleasure. This is the World's Largest Mortgage Community.
yes, avoid to add his name. you can suggest him that you are living happily & property is earned by you.
man oh man...first of all, i don't believe it's my business to tell you what you should do. your heart will tell you a lot of what your decision should be - there's no reason to take complete strangers' advice to avoid adding his name to the title of your home.
not only that but there is no such thing as being able to "do anything with his share of the house." if a title is jointly held, then both owners have to agree on what is done in order to transact business. title to real estate is not 50-50 as much as it is wholly owned by each and yet shared at the same time. he cannot mortgage the home without you, nor you without him if title is jointly held. you cannot sell, nor can he, without each other, if title is jointly held.
we've got no business, in my mind, telling you to do it or not to do it with no knowledge of your individual circumstances. "in my opinion" in a case like this is very much presumptuous.
not only that but there is no such thing as being able to "do anything with his share of the house." if a title is jointly held, then both owners have to agree on what is done in order to transact business. title to real estate is not 50-50 as much as it is wholly owned by each and yet shared at the same time. he cannot mortgage the home without you, nor you without him if title is jointly held. you cannot sell, nor can he, without each other, if title is jointly held.
we've got no business, in my mind, telling you to do it or not to do it with no knowledge of your individual circumstances. "in my opinion" in a case like this is very much presumptuous.
A part of me wants to add it in deed, but not another. Things are not very good between us. I do not understand that now he wants me to add in writing. I think not bad, but what I am seeing is that if I add him and we divorce I need to give him 50%. I bought with great sacrifice since 7 years ago and I be on the street. I feel bad because some in me don't trust him 100%
well, morena - you need to do a few things here...you need to try to rectify what's wrong in your relationship, or put an end to it. if you are having trust issues, then i can completely understand your reluctance to have your husband become co-owner with you. and, of course, it's understandable why he'd like to become co-owner - he then gets a piece of the pie no matter what.
methinks a little prayer (a lot) would be in order.
methinks a little prayer (a lot) would be in order.
its your life
take your own decisions.
take your own decisions.
I want to know which would be the advantages and disadvantages if I add my husband in my house deed?