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I am living in CA, want to know if a friend help with making just one payment to my mortgage, can she has the right later on to get claim to my house. I heard that it can be done, confuse, please advise.
I am living in CA, want to know if a friend help with making just one payment to my mortgage, can she has the right later on to get claim to my house. I heard that it can be done, confuse, please advise.
**A: you are correct.
Let's say your mortgage balance was $5000. If your friend made just one payment of $5000 to help you, that friend is entitled to a claim of paid in equity to your property.
Now, if your post relates to just making one monthy mortgage payment (which I think it does), then no, the claim would be far reaching. Unless, friend is aready on the mortgage or title to the property.
You are confused?
Your post was the same.
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