REGARDING PURCHASING A HOME. MY FIANCE QUALIFIES FOR THE MORTGAGE WHERE I DO NOT. SHE IS THUS OBTAINING THE MORTGAGE FROM THE BANK UNDER HER NAME. CAN I STILL CO-SIGN THE TITLE TO PLACE MYSELF AS HALF OWNER? I PLAN ON SHARING ALL PAYMENTS WITH HER EQUALLY (INCLUDING THE DOWN PAYMENT). WE LIVE IN A COMMUNITY PROPERT STATE (TEXAS)
I HAVE BEEN TOLD THAT IF MY NAME IS NOT ON THE TITLE, I WILL ALWAYS JUST BE CONSIDERED A ‘TENANT’ IN LEGAL TERMS EVEN AFTER WE ARE MARRIED. PLEASE ADVISE. THANKS!
jeanniep said:
Feb 04, 09 at 8:11 amafter you are married she can record half over to you through county court
ask your title company they will know
ronidl76 said:
Feb 04, 09 at 5:39 pmThe title is under the same name as the mortgage loan. The only time title can transfer names is if you refinance in both your names, meaning you both are approved for a mortgage loan, or when the home is paid off, she asks to have your name on the title as well.
Why are you worried about it, though? You’d still get half if anything goes wrong.
Art said:
Feb 06, 09 at 9:26 pmI’m not from Texas, but I believe you can. Talk to the Title Company that is either doing the closing or if it’s already done you can contact that company or any other local company to help you out. I believe that they can do it for some nominal fee (approx $300).
Good luck!