Posted on: 06th Jan, 2009 01:16 pm
I inherited half of my mother's home. I am buying out my sister's half. She signed a quit claim so that I could do this. When I purchase the house, she will get her half in cash. There is also a reverse mortgage to pay off, so that will get done, and I will have a traditional loan left to pay off. Now it is time for me to sign escrow papers, and I am told that because we live in a community property state, my spouse must also sign, be on the deed, and he will own half. I don't want him on the deed, since he has chosen to be unemployed since our marriage. I also don't want to reward him for his behavior by essentially handing him $150,000 worth of property. I will be making the payments and maintaining the home solely on my income. I love him dearly, but he is not contributing to the home, and so I want this property in my name alone. I have been told he will have to sign a quit claim to that effect. My question to you, is: How to present this information to him, without it sounding like a negative? I am fine with making him one of the beneficiaries, but I don't want him to be co-owner. How can I tell him so that I won't make him mad? HELP!
Hi rxdolls
In my opinion he will definitely understand and co-operate with you if you tell him why you do not want his name to be on the property. You should inform him that you want to keep the property solely in your name because it's your mother's property. I think he will definitely co-operate with you.
Thanks.
In my opinion he will definitely understand and co-operate with you if you tell him why you do not want his name to be on the property. You should inform him that you want to keep the property solely in your name because it's your mother's property. I think he will definitely co-operate with you.
Thanks.