My husband and my mom went in on our house together, my mom put money down hubby put mortgage in his name. From the begining without being asked my mom told us we could claim the house on our taxes, now she changed her mind. My mom lives off social security so if she claims the house on her taxes she won't get anything, now she wants us to split it with her. I feel like we are entiteld to keep it all any advice?
2007-01-05 09:53:35 · 7 answers · asked by Jenna24 2 in Family & Relationships ➔ Family
The question is more than choosing between husband and mother, it is about doing what is right. Your mother originally told you both that you two can claim the house on your taxes, therefore in my opinion it is wrong of her to now change her mind now suddenly since the time has come to file taxes and ask you both to split it with her!! Although she paid the down payment, is she also assisting in paying the monthly mortgage? You can either stick with your guns and put your foot down with your mom and tell her no (esp. if she is not helping with the mortgage) and I suggest next time to get this agreement in writing to avoid another situation such as this. Good luck!
2007-01-05 10:01:13 · answer #1 · answered by Jessica 5 · 2⤊ 0⤋
You and your husband claim the house and pay your mother back the money she put down on the house. Everyone wins! I don't see the problem? You should be grateful for having a mother who was able to help you out and living off social security these days isn't easy. If you mother didn't put money down on the house, would you have been able to buy the house? Return to your mother what is rightfully hers and quit being a baby.
2007-01-05 18:13:06 · answer #2 · answered by Mustang Sally 5 · 0⤊ 1⤋
I've learned never to mix family with money. I'd suggest paying back your mother the money she put towards the house so you don't have that pressure anymore. Legal she's not entitled to anything if it's in your husband's name, but the decent thing to do would be to give her a share of any claims you make since she helped you out with money.
2007-01-05 18:32:21 · answer #3 · answered by skiv_77 1 · 1⤊ 0⤋
Who is paying the actual mortgage? Your Mom should get something in return for her investment - why did they go in on it together? Since she wouldn't get much, if any back, on her return if she claimed the house, perhaps hubby could claim it, but then give Mom some of the refund amount that pertains to the house. Who is living in the house??
2007-01-05 17:58:40 · answer #4 · answered by sassybree1979 5 · 0⤊ 1⤋
We don't know the amount of the down payment. You need to begin paying back the down-payment she made, even in small amounts. Use bank checks and be sure to write the purpose of the payment, and the remaining balance due so when the check clears the bank, you have proof of payment. (Make a photocopy of the check.) If she will not take incremental payments, open a seperate savings account for the purpose of repayment.
If you have Legal Aid in your area, check with them regarding the legality of protecting yourself in the repayment process. Only then will you find peace of mind. It is not a happy situation, but you need to be free of her claims, to relieve stress on you and your family.
2007-01-05 19:32:08 · answer #5 · answered by intrepid 5 · 0⤊ 0⤋
My only suggestion would be to pay your mother back the down payment just to get her off of your back. If the house is in your husbands name then she doesn't have a legal leg to stand on. But if her name is on it also then she is entitled to half ownership. good luck.
2007-01-05 17:57:33 · answer #6 · answered by ? 3 · 1⤊ 0⤋
Odd...it's in your husbands name sweets he gets to claim it, but she wants money? well how much money did she put up for a down? my advice (slowly pay her back what she put down and end it fast......) other wise theres gonna be problems later..give her half..and tell her with a reciept or write it on the check a memo as part of the money she put down and deduct from there
2007-01-05 18:21:44 · answer #7 · answered by Anonymous · 1⤊ 0⤋