Posted on: 05th Jan, 2011 12:43 pm
My boyfriend and i are buying a house through a city program in Long Beach. My boyfriend has great credit n only his name will be on the loan because of my bad credit. Anyhow we just got the citys approval n will b closing escrow in about 2 weeks. Now, we both were supossed to be on the house title but because of whatever reason, they aré telling me that i wont be on the title . The city program doesnt want my name there? Im very confused and upset now because all along i had in mind my name was going to be on the. Title and i would have the same rights as my boyfriend to the house. How does this work? Im paying for half of the mortgage and if escrow clones and my name is not added, how can i go about adding it after and having the same rights to the house as if it would before closing escrow. What pappers should i ask for that protects me from loosingout on the house and own it along with my boyfriend.. Please help me out, i dont want to be left as a foolfool n paying for something he only has authority to. Thank you.
Dear Vamp, even though you won't be on title at closing, you can be added afterward.
Most city/county/state programs only allow those who qualified for the loan to be on title when recorded.
If you're in Long Beach (CA) the escrow company who closes the purchase should be able to help you. If not, then check with the closing agent in whatever state you're in.
There's a certain leap of faith that's required to get your name added to title after closing. I suppose you could withhold paying your half until it's done.
My initial impression is, if you're worried about being "left out", there are longer term trust issues you should work on (Sorry, that's my inner Dr. Phil)
Most city/county/state programs only allow those who qualified for the loan to be on title when recorded.
If you're in Long Beach (CA) the escrow company who closes the purchase should be able to help you. If not, then check with the closing agent in whatever state you're in.
There's a certain leap of faith that's required to get your name added to title after closing. I suppose you could withhold paying your half until it's done.
My initial impression is, if you're worried about being "left out", there are longer term trust issues you should work on (Sorry, that's my inner Dr. Phil)