Posted on: 05th Jul, 2012 06:19 am
Hi,
I just purchased a house in February. My boyfriend and I have been together for 6 years and I am trying to get him added to the Deed. Our loan was FHA and NH Housing. NH Housing is saying that he can not be added because we are not married. Is this legal? I have found nothing in the paperwork that says I need their permission or that I can't add someone who I am not married too...?
I just purchased a house in February. My boyfriend and I have been together for 6 years and I am trying to get him added to the Deed. Our loan was FHA and NH Housing. NH Housing is saying that he can not be added because we are not married. Is this legal? I have found nothing in the paperwork that says I need their permission or that I can't add someone who I am not married too...?
You can't legally revise Title to property unless you have the Lenders permission. There's a "due-on-sale" clause in your Mortgage Note that reviews this subject. If you do revise it without permission, and the Lender find out, they can call your mortgage due-and-payable immediately.
Hi shannoncbrooks,
I agree with Raymond on this regard. Unless you have the permission of the lender, it won't be appropriate to change the property ownership. I would suggest you to go with the opinion of the lender and not add your boyfriend to the deed. Once you get married, then you can think of adding him to the deed.
I agree with Raymond on this regard. Unless you have the permission of the lender, it won't be appropriate to change the property ownership. I would suggest you to go with the opinion of the lender and not add your boyfriend to the deed. Once you get married, then you can think of adding him to the deed.
Hello Shanoncbrook,
The person who that has the mortgage note in their name is the having their credit affected negatively when the mortgage payment is late.
:idea:
The person who that has the mortgage note in their name is the having their credit affected negatively when the mortgage payment is late.
:idea:
