Property split after separation- question

[Drtino]

What is the name of your state (only U.S. law)? NJ.

I am thinking about buying a house and right about now I am dating this person for the past two months, although she knows what's going on, she loves the idea of us having a property...even though, I am putting the down payment for the house - I am not sure for how long this type of relationship will last... so, what type of consideration I should have if for some reason it doesn't work out??

I read a story that this guy's girlfriend convinced him (almost similar situation) to put her name in his deed after he bought the house with his own money and later they split up after 1 year and 1/2, then she moved to a different state and then she wanted $30,000 to get her name out of the deed... later she replied that she wanted to sell the house and split the earnings... Can someone direct me in the right path? Thanks.

 

[LdiJ]

What is the name of your state (only U.S. law)? NJ.

I am thinking about buying a house and right about now I am dating this person for the past two months, although she knows what's going on, she loves the idea of us having a property...even though, I am putting the down payment for the house - I am not sure for how long this type of relationship will last... so, what type of consideration I should have if for some reason it doesn't work out??

I read a story that this guy's girlfriend convinced him (almost similar situation) to put her name in his deed after he bought the house with his own money and later they split up after 1 year and 1/2, then she moved to a different state and then she wanted $30,000 to get her name out of the deed... later she replied that she wanted to sell the house and split the earnings... Can someone direct me in the right path? Thanks.

If she is not a co owner of the house (not on the deed or mortgage) then there is nothing to worry about.

If she is on the deed or mortgage, then you will have complications if you break up.

Its that simple.

Don't include her on the deed or mortgage, and don't use any of her money on the home.

 

[mistoffolees]

What is the name of your state (only U.S. law)? NJ.

I am thinking about buying a house and right about now I am dating this person for the past two months, although she knows what's going on, she loves the idea of us having a property...even though, I am putting the down payment for the house - I am not sure for how long this type of relationship will last... so, what type of consideration I should have if for some reason it doesn't work out??

I read a story that this guy's girlfriend convinced him (almost similar situation) to put her name in his deed after he bought the house with his own money and later they split up after 1 year and 1/2, then she moved to a different state and then she wanted $30,000 to get her name out of the deed... later she replied that she wanted to sell the house and split the earnings... Can someone direct me in the right path? Thanks.

For starters, buying a house with a GF is risky from the start-especially if you're already concerned that the relationship won't last. If you really want to do it, follow Ldij's advice.

In addition, don't act like you're buying it with her. You're buying it for yourself and you're letting her stay there. That won't change the LEGAL status, but it may change the way she sees it and avoid some headaches later (may even be enough to stop her from suing in the first place).