Profile picture for user5372386

I am not on the mortgage because of credit issues but I am putting up half the money on the mortgage

  • August 29 2013 - Chicago
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Answers (5)

Speak to you attorney about putting you on the deed and title after closing then.
  • September 03 2013
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Profile picture for wetdawgs
If you are buying with a friend, partner or spouse, simply paying the mortgage gives you no rights.  You need to be on the deed.   Hopefully the two of you have identified the rights in a legally binding document from the beginning of the purchase.   If not, what better day than today?

  • August 30 2013
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Profile picture for Matt Laricy
Whatisthequestion on this? We are happy to help answer.
  • August 30 2013
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Profile picture for Andrew Malak
But what is your question?
  • August 30 2013
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Profile picture for larryeul
Hi 5375686

   most important question... will you be on the deed.... will you 'own' the home? Chances are, prob not, due to credit issues.

  You are not putting up 'half the money on the mortgage' you are putting up half the money for the downpayment.... if you are not on the deed, you got nothing but a canceled check. 

  Not knowing enough, if you have judgements, tax liens, etc, you cant be on deed... those issues will immediately attach to the house, depending on where you live and local laws.

  RUN to real estate attorney. Don't listen to this or any forum, pay the legal fees and get the exact correct info... most of us are real estate agents, and you need LEGAL ADVICE.

best to you my friend.
  • August 30 2013
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