Posted on: 29th Mar, 2009 04:38 pm
My brother's girlfriend of almost 6 years is looking to buy a house I found a multi-family duplex, and we decided to go half on the mortgage, taxes, etc. But she has better credit and makes more money so she wants to do everything herself, she as the sole owner, what options do I have to ensure that I have rights because my husband and I have agreed to split the expenses. Is it a good idea..I just do want one day she sells the house and I am homeless and broke..
Hi MIZJOY,
If your name is on the property deed, you will be one of the owners of the property. If she plans to sell off the property one day, she will have to take your permission and signatures. So though your name is not on the mortgage, you are still one of the owners of the property.
Thanks
If your name is on the property deed, you will be one of the owners of the property. If she plans to sell off the property one day, she will have to take your permission and signatures. So though your name is not on the mortgage, you are still one of the owners of the property.
Thanks
Thank you so much for the information....
Hi
You can have an interest in the property only if your name is on the title. So, make sure that your name is listed on the title before you make any payments for the property. Otherwise you will be left with nothing if she decides to sell the house or lets it go into foreclosure.
You can have an interest in the property only if your name is on the title. So, make sure that your name is listed on the title before you make any payments for the property. Otherwise you will be left with nothing if she decides to sell the house or lets it go into foreclosure.