It costs whatever the deed costs (like 10 bucks at an office supply store) and whatever the recording fee is in your state. The recording fee is based originally on the price of the house, but most offices of public record are willing to accept ten dollars as the price of transfering a home when simply adding a second owner. To avoid errors you would probably want to have either a lawyer or someone with knowledge draft it and that costs more. If there is a mortgage, this can be more problematic because you will need to be added to the mortgage and that can be a pain. Also, you would become jointly responsible for the mortgage payments. It has always been my opinion, however, that a person must go forward in good faith and allow themselves to be burned if necessary. If I loan $2000 bucks to my friend on an oral promise to repay me and he never pays me back then I've lost $2000 and a friend. At least I still have my own sense of decency and I haven't let myself be motivated by something as worthless as money.
2006-09-28 02:28:07
·
answer #1
·
answered by fortonmi 2
·
1⤊
0⤋
Dorothy,
Don't follow your "fiance'" around. If he wants to be with you bad enough, then he will make irt happen. You should be asking for a wedding ring rather than a house, but a house is better than nothing.
The fees for doing a title change aren't very much - less than $100. The biggest "cost" though is the risk he takes that when you two break up and you want your half. Then he will have to sell the house if he doesn't have enough money to buy your half from you.
Read Why Men Marry B1tches by Sherry Argov. It doesn't have financial advice, but it does explain why you have to stand up for yourself rather than being the good little girlfriend.
2006-09-28 00:20:56
·
answer #2
·
answered by Don't Know 3
·
1⤊
1⤋
Well if your not married why schould he put you on the title,it was your choise to move there and no doubt your living rent free,wilst the two of you see if your relly suited,if your not happy with this then move out as it can be quite expensive to put name on title its like you have purchased a half share in the property,taxes apply,did you contribute half the down payment and legal fees when the property was purchased, it sounds not,so why schould he just sign over half share to you,maybe it wont work out,you have two years to see,then by law youi become common law wife anyway and would be intiled to make a clainm providing you are working and paying half the mortage etc,or if you get pregnant and are raising his children,anyway to answer the last part of your question would depend on the value of the property the more expensive the property the more it caost to put your name on
2006-09-28 00:25:24
·
answer #3
·
answered by norman 3
·
1⤊
2⤋
a typical home mortgage after tax deductions is about $800.00 Lets assume he has owned it for five years. cut a check for twenty-four thousand dollars to the mortgage company to pay down the loan. maybe another ten grand for the down payment and equity. once you are equal partners he can now drop his request for you to sign a prenup. i told you yesterday prenup means no money. however, if YOU are in love and don't have the cash and you are not a gold digger forget about the title and sign it. you got a fifty/fifty chance of not getting a divorce. if he wants a prenup he isn't. My question is are you stupid?
2006-09-28 05:48:16
·
answer #4
·
answered by Anonymous
·
0⤊
1⤋
Get married first. It can be a civil ceremony and you don't have to tell anyone. You can still go ahead with the big ceremony later and no one needs to know.
Protect yourself and your interests. You are changing everything in your life for this guy. Make sure you don't get left in the cold.
2006-09-28 01:02:14
·
answer #5
·
answered by BoomChikkaBoom 6
·
1⤊
0⤋
Tell him the marriage is off unless he puts you on the title before getting married. Demand it!
2006-09-28 00:25:47
·
answer #6
·
answered by Anonymous
·
0⤊
1⤋
OK silver digger do you possess some kinda of special kills in your relationship to warrant it
2006-09-28 00:19:30
·
answer #7
·
answered by aldo 6
·
1⤊
1⤋