Who owns the property?

[newbuyer24]

What is the name of your state? NJ

If your name is on the mortgage but not on the title of the property, do you own or have any right to the property?

Parents are buying a house for me and my fiancee to live in. They made the hefty down payment, we are paying the mortgage payments. Title is in mine and my parent's name. Fiancee wants to be on the mortage. Does that mean my fiancee has an legal right to the house?

[I AM ALWAYS LIABLE]

Originally Posted by newbuyer24

What is the name of your state? NJ

If your name is on the mortgage but not on the title of the property, do you own or have any right to the property?

Parents are buying a house for me and my fiancee to live in. They made the hefty down payment, we are paying the mortgage payments. Title is in mine and my parent's name. Fiancee wants to be on the mortage. Does that mean my fiancee has an legal right to the house?

My response:

Good, let her be on the mortgage. Then, she'll owe the debt as well as everyone else. Insofar as ownership is concerned, owing a debt (being on the mortgage) doesn't give her ownership. For that, she'd have to be on the title. But, in the event of a split-up, you can hold your hand out and say, "Honey, since you're on the mortgage, I want to see some 'green' in my palm."

IAAL

[BelizeBreeze]

Originally Posted by newbuyer24

What is the name of your state? NJ

If your name is on the mortgage but not on the title of the property, do you own or have any right to the property?

No.

Parents are buying a house for me and my fiancee to live in. They made the hefty down payment, we are paying the mortgage payments. Title is in mine and my parent's name. Fiancee wants to be on the mortage. Does that mean my fiancee has an legal right to the house?

By putting your name on the deed then your wife, when you get married, will have an equitable distribution interest in the property should you get divorced.

Tell your parents to keep the home in THEIR name.