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#1
10-25-2005, 11:25 AM
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Buyers ShareWhat is the name of your state? PA I am purchasing a home with my boyfriend. I will be providing the down payment, closing costs, and potentially a majority of monthly payments (at least initially). How can I protect myself and my share of ownership? Is there a way to do it without establishing an LLC? Thanks! Last edited by elynch; 10-25-2005 at 11:40 AM. |
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#2
10-25-2005, 11:58 AM
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**A: yes, buy it solely in your own name. |
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#3
10-25-2005, 12:13 PM
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| I agree with HG. Don't put your boyfriend in title unless he's contributing a proportionate amount to the down payment, closing costs etc... Even then, it's not a good idea. If you're not commited to marriage together yet, it's not time to commit to the largest investment of your lives together either. Spend some time going through all the horror stories on this site concerning this same issue. Why would you want to do that to yourself when it sounds like you have the ability to keep it simple and purchase the home on your own? Tell your boyfriend "no bridal, no title". Signed, Dear Abbey Last edited by Samm1970; 10-25-2005 at 12:16 PM. |
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#4
10-25-2005, 01:24 PM
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| I agree with Samm and HomeGuru. Read some of the posts on this forum about unmarried people who bough homes together.
__________________ If you're lucky enough to be Irish, you're lucky enough! |
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#5
10-26-2005, 01:12 AM
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