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dower rights

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trish91870

Guest
What is the name of your state? Ohio

When my husband and I built our home, we placed the loan in his name. In order to do so M/I financial (also the builder) required me to sign over my dower rights in the open end mortgage papers. Since then, the mortgage has been sold to two different mortgage companies. I would like to know if signing over my dower rights actually means that if he should pass away, will I not have any rights to the house. Also, with the loan being sold twice, did the signing away of my dower rights, void itself with transfers to the new mortgage companies. And one more question, if I am added to the deed and/or the will does that make a difference as well. I do not know what part Ohio plays in with all this being a "community" state (1/2 goes to Spouse in divorce or death).

Thanks for any response given.
 


HomeGuru

Senior Member
trish91870 said:
What is the name of your state? Ohio

When my husband and I built our home, we placed the loan in his name. In order to do so M/I financial (also the builder) required me to sign over my dower rights in the open end mortgage papers. Since then, the mortgage has been sold to two different mortgage companies. I would like to know if signing over my dower rights actually means that if he should pass away, will I not have any rights to the house.

**A: yes, you signed your rights away.
*********************

Also, with the loan being sold twice, did the signing away of my dower rights, void itself with transfers to the new mortgage companies.

**A: no, the deed remains the same.
**********************
And one more question, if I am added to the deed and/or the will does that make a difference as well.

**A: yes it does because then you have interest in the property via will or deed.
*****************
I do not know what part Ohio plays in with all this being a "community" state (1/2 goes to Spouse in divorce or death).

Thanks for any response given.

**A: consult with an attorney.
 

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