Posted on: 09th Mar, 2010 10:20 am
My fiance and I rebuilt his tiny house over 2 years ago and so that the house would be in both our names we took out a $170,000 mortgage. He originally bought his house in a foreclosure for $36,000. We tripled the size of the home. We signed papers at closing changing the original title of the house from his name to both of ours. We recently found out that those papers were never filed. Our title company says our mortgage broker told them not to in order to keep down closing costs, but we were never informed of this. We feel like we are getting the run around. Add to it, we are thinking of splitting and now if things get ugly I am not sure what legal recourse I have since it is my name not on the deed. What do I do? And are the bank and title company legally responsible?
Hi Lil,
I don't understand why they did not file the file the papers to add your name to the title? Just to keep down the closing costs?! Even if they did so, why did they not inform you about this? The title company should be held responsible for this mess. You should have the right to take legal action against the title company for their failure to file the papers at the right time. Consult a lawyer as he is the best person to guide you in this regard.
I don't understand why they did not file the file the papers to add your name to the title? Just to keep down the closing costs?! Even if they did so, why did they not inform you about this? The title company should be held responsible for this mess. You should have the right to take legal action against the title company for their failure to file the papers at the right time. Consult a lawyer as he is the best person to guide you in this regard.