Posted on: 24th Apr, 2009 07:59 am
my ex fiance and i bought a house we split and i got the deed in my name only which he signed and was notarized. however the loan is in both of our names and at this time it is not beneficial for me to refinance due to the high closing costs. i just need to make sure that i wont get burned by having to pay any equity to him if i sell it later.
Hi 0104,
Welcome to our forum.
How its possible deed is on one name & how you take loan on Two names.
But listen that you can take the loan on both name if you add second name on the deed. Then it can be possible.
Thanks & Regards.
Welcome to our forum.
How its possible deed is on one name & how you take loan on Two names.
But listen that you can take the loan on both name if you add second name on the deed. Then it can be possible.
Thanks & Regards.
hmmm we bought house together then I GOT a lawyer and got his name off deed when we split. i want him to stay off deed and just wondering if by his name being on note if he has any ownership can he get any money from me when i sell
Hi
If your ex-fiance has released his interest in the property through a deed and the deed was validated through notarization, there is no way he can claim his interest in the property in future. Being on the loan does not entitle him a claim on the property and when you sell it in future, you do not have to pay him anything.
If your ex-fiance has released his interest in the property through a deed and the deed was validated through notarization, there is no way he can claim his interest in the property in future. Being on the loan does not entitle him a claim on the property and when you sell it in future, you do not have to pay him anything.