• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Mortgage in only one person's name

  • Thread starter Thread starter pixie8200
  • Start date Start date

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

P

pixie8200

Guest
Missouri-
My boyfriend and I bought a house together (splitting the costs), but due to issue with my job, only his name is on the mortgage. Since the mortgage is in his name only, he doesn't want to put me on the title. What options do we have to ensure we can both claim ownership? I have drawn up an agreement stating such and he has signed it, but I didn't know if we need it to be witnessed by a notary to be legal or if it would even hold up in court.
 


C

Ciarraine

Member
pixie8200 said:
Missouri-
My boyfriend and I bought a house together (splitting the costs), but due to issue with my job, only his name is on the mortgage. Since the mortgage is in his name only, he doesn't want to put me on the title. What options do we have to ensure we can both claim ownership? I have drawn up an agreement stating such and he has signed it, but I didn't know if we need it to be witnessed by a notary to be legal or if it would even hold up in court.
Click to expand...
If your name is not on title, you have no claim to the house. The amount of money you are paying to help with the mortgage is essentially a rent to your boyfriend.
 
P

pixie8200

Guest
No, but we want to know how to make it so that I do have a legal claim to the house without adding me to the title or should I be added to the title and then draw up an agreement so that specifies that I am responsible for half the mortgage.
 
B

BelizeBreeze

Senior Member
pixie8200 said:
No, but we want to know how to make it so that I do have a legal claim to the house without adding me to the title or should I be added to the title and then draw up an agreement so that specifies that I am responsible for half the mortgage.
Click to expand...
You cannot be added to the DEED unless the mortgage holder agrees and they won't. Any agreement without the mortgage holder's approval is worthless.
 
N

nextwife

Senior Member
Talk to an attorney. It may be possible to have your BF sign some type of jr. mortgage that guaranties you your Down payment plus a percentage of appreciation.
 
H

HomeGuru

Senior Member
nextwife said:
Talk to an attorney. It may be possible to have your BF sign some type of jr. mortgage that guaranties you your Down payment plus a percentage of appreciation.
Click to expand...

**A: are you refering to a second mortgage?
 
You must log in or register to reply here.

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
Top