Why do you have to declare whether you are married or not on a property deed? what is the reason for that?
2007-02-09 06:14:35 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Only some states require that. Originally, 'dower rights' were set up so that a husband could not sell a house out from under his wife. If you are in title as 'married,' your spouse will have to sign off on any mortgage or deed for that property, to acknowledge they are aware and approve of the transaction.
2007-02-09 06:17:53 · answer #1 · answered by Omni D 5 · 1⤊ 0⤋
In some states, like in my state of Tennessee, your spouse automatically goes on the deed of all property. You own equally, so the title company needs to know if you are married to know if anyone else goes on the deed with you.
2007-02-09 06:20:42 · answer #2 · answered by Anonymous · 1⤊ 0⤋
In Illinois if you are marreid, you can singlely own property with a spouse on it, however to do so the spouse has to sign a waiver claiming they do not want interest in the property. Otherwise both are required to be on the deed.
2007-02-09 06:33:52 · answer #3 · answered by Midwest guy 4 · 1⤊ 0⤋
Rights of inheritance. Many states have automatic inheritance of assets/property to spouse.
2007-02-09 06:17:44 · answer #4 · answered by Rani 4 · 0⤊ 1⤋