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  #1  
Old 04-15-2008, 05:11 PM
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Join Date: Apr 2008
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Refi to remove ex's name and add joint tenant...


What is the name of your state? MA

I have been divorced about two years. I am in the process of refinancing to remove my ex's name from the mortgage and add my boyfriend's name. We have applied jointly so both of our names will be on the new mortgage.

My question is about the deed. My ex's lawyer said that we should do two deeds. One for my ex to sign the property over to me alone and then one for me and my boyfriend to sign so that we are both listed on the deed. Is this correct? I realize the issues we could have if I am the only one on the deed, since we are co-borrowers, so this makes sense, I just wanted a second opinion.

And are there any other major differences between being tenants is common and joint tenants w/right of survivorship besides equal and unequal shares? It's confusing to me.

Any other major issues we could encounter that I should be ready for?

Thank you!
  #2  
Old 04-15-2008, 05:36 PM
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add my boyfriend's name

Bad idea.



We have applied jointly so both of our names will be on the new mortgage.

Worse idea.




If you insist on doing this, then follow the requirements of the lender and the title company.
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  #3  
Old 04-16-2008, 09:50 AM
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Wow, thanks for that very helpful advice!

  #4  
Old 04-16-2008, 09:54 AM
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Quote:
Originally Posted by SFriend253 View Post
Wow, thanks for that very helpful advice!

Read some of the threads regarding joint ownership of homes in a non-married situation. You were given good advice...it is a horrible idea to give a boyfriend ownership of your home.
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  #5  
Old 04-16-2008, 10:15 AM
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I am aware of the potential risks and problems/issues in joint ownership of property while unmarried. If I wanted advice on that I would have posted such.

Thanks for the info on the joint ownership/unmarried section. I will check it out.
  #6  
Old 04-16-2008, 10:21 AM
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Quote:
Originally Posted by SFriend253 View Post
I am aware of the potential risks and problems/issues in joint ownership of property while unmarried. If I wanted advice on that I would have posted such.
Obviously, you are not aware. Enjoy your new BF
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  #7  
Old 04-16-2008, 10:30 AM
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Originally Posted by Zigner View Post
Obviously, you are not aware. Enjoy your new BF
How long do you give it before OP is back wanting to know how to get him off the deed?? 6 mo? A year??
__________________
~A 8 a.m. bus-stop conversation~

"So Lil'Blue...Did you like the DVDs I got for you at the library?"
"Yes...I did!"
"Did you learn any interesting facts about the animals on the movie (Nation Geographic)?"
"Yes...I did learn interesting things!"
"Would you share with me an interesting fact?"
"Wellll....I learned that Naked Mole Rats are WICKED naked!"

~~~~~~~
  #8  
Old 04-16-2008, 10:38 AM
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Quote:
Originally Posted by baystategirl View Post
How long do you give it before OP is back wanting to know how to get him off the deed?? 6 mo? A year??
Awww, but they're in L-O-V-E!
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The information I gave is based on my 7 seconds of research on Google. Review the information yourself to make an informed decision.

Communication is KEY - 10 mins of talking now can save you months of headaches later!

Masterfully stating the obvious to the oblivious! (Thanks SP!)

Tell it like it is! When all else fails, make up a statistic!

Gender references shall apply equally to the other gender. I will not correct gender mistakes (unless I want to)
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