2007-09-15 13:38:32 · 18 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Then where are you gonna live on the street????
2007-09-15 14:12:52 · answer #1 · answered by momma 2 Sydney 9-8-09 7 · 1⤊ 0⤋
Is that like having a gold mine and the wife gets the gold and you get the shaft?
the note and mortgage has nothing to do with who owns the house what matters is who is obligated to pay that matters and no you're not off the note and or the mortgage.
2007-09-15 21:40:17 · answer #2 · answered by newmexicorealestateforms 6 · 1⤊ 0⤋
In this case, it is really NOT a REAL donation, since you co- own it with the mortgage company. Yes you still have to pay the mortgage, if you took out the morgage.
2007-09-15 20:44:02 · answer #3 · answered by WC 7 · 0⤊ 0⤋
No. Donations are usually only to non-profit organizations. If you do give your wife your house, you will still have to pay mortgage if the house loan is under your name.
2007-09-15 20:45:54 · answer #4 · answered by MissRoyalT 3 · 1⤊ 0⤋
Well yes. You are still obligated on the note. If you want to make her responsible for the note instead of you, you need to sell her the house, it is the only way you will no longer be obligated to pay the mortgage.
-Em
2007-09-15 21:00:21 · answer #5 · answered by emeraldseye 4 · 1⤊ 0⤋
You may have your name on the house and pay all the mortgage, but if you get a divorce, she gets 1/2 of it. And if you have other savings as well, she gets all of it. So do not kid your self.
2007-09-15 20:48:18 · answer #6 · answered by Anonymous · 1⤊ 0⤋
Yes you would, and you wouldn't have a house to show for it any longer.
It would be better to give the wife away as a gift... at least the money you spend on the house builds equity.
g-day!
2007-09-15 21:15:23 · answer #7 · answered by Kekionga 7 · 1⤊ 0⤋
Just because you donate something to some one does not relieve you from the obligation. If that was the case we would all be doing it. Good Luck.
2007-09-15 21:22:45 · answer #8 · answered by Joshua S 2 · 1⤊ 0⤋
Your wife is married to you, so the house is for both of you. Is the house under your name only or both of you.
This is a good one.
LOL
2007-09-15 20:44:03 · answer #9 · answered by SweetBrunette 5 · 1⤊ 0⤋
You would not be able to get it retitled without the permission of the mortgage holder.
*
2007-09-15 20:42:21 · answer #10 · answered by Barkley Hound 7 · 2⤊ 1⤋
you would need to get her name put on the paperwork and get yours removed. nice idea, but that also gives her the right to ask you to move out lol
2007-09-15 20:42:44 · answer #11 · answered by L 7 · 2⤊ 0⤋