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Mortgage Community Forums | Loan Talk for First Time Home Buyers | Last year I took out a loan in my name and had the condo put in my name, does my husband have the right to the condo if we divorce? We have been married for 3 years and live in Massachusetts.

Last year I took out a loan in my name and had the condo put in my name, does my husband have the right to the condo if we divorce? We have been married for 3 years and live in Massachusetts.

Posted on: 09th Aug, 2009 09:00 pm
married for 3 years
live in massachusetts
most of the funds to buy the house came from my parents
I had a letter notarized stating that the money that my parents lent to me was not a gift, but rather a loan and that I was expected to pay it back.
If the property is in yoru name, then you shodul be ok.

But utimately the all needs to be finalized in the court
sunnyca2009
Posted on: 09th Aug, 2009 10:34 pm
Hi dibiasiousn,
as you mentioned that loan and the condo is on your name, then you should not worry...
kbkevin2009
Posted on: 10th Aug, 2009 12:37 am
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