2006-11-04 05:52:07 · 11 answers · asked by corkie 1 in Business & Finance ➔ Renting & Real Estate
Are you in an established relationship with this "friend"? Are you living in the home with your "friend"? Do you have the money to pay a real estate attorney to sort this mess out (assuming it can be) if things go sour with your "friend"?
If you really want joint ownership, refinance under both your names and have your name added to the Deed.
2006-11-04 06:59:27 · answer #1 · answered by BoomChikkaBoom 6 · 1⤊ 0⤋
No, I'm pretty sure you won't. You're basically just giving him/her a personal loan or gift. If you really want ownership, you need to purchase all or a part of the house from him/her, and have it recorded on the Deed. You could speak to the Financial Institution about any other possibilities. They're the ones who REALLY own the house, if you think about it!! And/or speak to a lawyer or accountant.
2006-11-04 14:05:13 · answer #2 · answered by Cynhilde 1 · 0⤊ 0⤋
You won't have ownership if you're not on the deed. If you were married in a community property state, and you're not on the deed, you might still be entitled to half of the property. Assisting your friend financially with the mortgage, however, will not entitle you to ownership.
2006-11-04 13:56:13 · answer #3 · answered by bubblegirl 2 · 1⤊ 0⤋
no it her name is the only one on it then you have no claim to it.. if this is not a gift on your part i would suggest a written agreement between the two of you with a notary signing it stating that she agrees to pay you back within a reasonable amount of time and that if she sell the house that you are to be paid in full upon the sale of the house.. alwayss alway pay by check and put what the money is being use for at the bottom left hand where you see the word for.. you need to protect your self this may never happen but to many times you hear about someone helping someone out only to be taken in
2006-11-04 13:59:04 · answer #4 · answered by ? 5 · 1⤊ 0⤋
Contact an attorney, as you might be able to claim equitable title for the time and money you have contributed. I am not an attorney, so don't quote me about the equitable title. I have just read that somewhere.
2006-11-04 13:54:51 · answer #5 · answered by Cheeky Realtor 3 · 0⤊ 0⤋
No..you answered your own question"your name is NOT on the deed".
2006-11-04 14:02:07 · answer #6 · answered by xrayboo 2 · 0⤊ 0⤋
Nope, all your doing is helping her/him own a home without you owning a little piece of it. You should hire an attorney and get on the deal..or stop helping.
2006-11-04 14:53:44 · answer #7 · answered by kel1923 1 · 0⤊ 0⤋
nope your name is not on deed you don,t have ownership
2006-11-05 03:09:48 · answer #8 · answered by pattibcacl 6 · 0⤊ 0⤋
no way Jose'
If it ain't in writing it ain't happinin
A way to get it on there is to refinance at a lower interest rate...and then you co sign the refinace
From that point on she can sit back and let you pay it all.
2006-11-04 14:00:17 · answer #9 · answered by debbie2243 7 · 0⤊ 0⤋
NO !
However are you dating and live there ? Does the state in which you live in recognize common law marriage?
2006-11-04 13:56:14 · answer #10 · answered by farmersb 2 · 1⤊ 0⤋