Adding An Unmarried Partner to Title

California

What is the procedure to add a friend to a home title?

[I AM ALWAYS LIABLE]

[quote]Originally posted by wordstogo
[b]California

What is the procedure to add a friend to a home title?

==================================

My response:

What's the story behind your question; i.e., why would you consider doing this?

IAAL

This is 2 people who live together and share all expenses including the mortgage. They have decided that since both pay the mortgage, both should have an interest in the home.

Thanks for your response,

Dawna

[HomeGuru]

Originally posted by wordstogo
This is 2 people who live together and share all expenses including the mortgage. They have decided that since both pay the mortgage, both should have an interest in the home.

Thanks for your response,

Dawna

**A: are both indivduals already on the mortgage as mortgagors? If so, please explain.

No they aren't. Because they are not married the Vet loan they got only allowed the veteran to be on the loan. But I know that when my husband and I first purchase our home I was self employed which wasn't going to help us get a loan so my husband got the loan in his name and both our names were on the title. But that was from the git-go. In this case they got the loan 3 years ago but didn't do the title thing which they should have at the start. But now they want to.

Thanks,

Dawna

[HomeGuru]

Originally posted by wordstogo
No they aren't. Because they are not married the Vet loan they got only allowed the veteran to be on the loan. But I know that when my husband and I first purchase our home I was self employed which wasn't going to help us get a loan so my husband got the loan in his name and both our names were on the title. But that was from the git-go. In this case they got the loan 3 years ago but didn't do the title thing which they should have at the start. But now they want to.

Thanks,

Dawna

.

**A: if they are not married, they should seek the advice of legal counsel.

Thank you. I think that is what they will do.

[HomeGuru]

Ok then, another happy thread.