Someone may be adding me to the title of their home when they close.
2006-10-29 18:37:07 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
It means you will have the benefit of ownership without the responsibility of having to pay the mortgage. Lucky you!
2006-10-30 02:24:02 · answer #1 · answered by Anonymous · 0⤊ 0⤋
That means that you will now have "vested interest" in the property. You are now a decision make whenit comes to the property. If there are 2 people including yourself on the property, you now will own the home 50/50. No transaction can go through without your signing off on it!!!
2006-10-29 18:45:02 · answer #2 · answered by aukasted1 2 · 0⤊ 0⤋
possibly, you are a part owner. however, you will also have to take part in the responsibilities of becoming an owner such as real estate taxes...and so on...
2006-10-29 18:46:06 · answer #3 · answered by z0e 2 · 0⤊ 0⤋
You are also responsible for rates etc
2006-10-29 18:46:43 · answer #4 · answered by Anonymous · 0⤊ 0⤋