W
weasel3
Guest
What is the name of your state? CA
I have been married to my husband 4 years and together 7.
Prior to our marriage he owned a condo with his mother.
Since or marriage he wanted to refinance so he could pay off indebtedness. Because his mother is retired she was not considered to qualify for a refinance, so he and I refinanced it in our names. She was told what was going on and the reasons why but now she claims she didn't realize that I was included in the transaction. She lives in the condo and pays only 400. of a 1,245. payment. She refused to pay any more. We pay the rest.
She is incenced that I am a co owner of the property. She wants my husband to put her back on the deed to the property. I do not want to be left holding the bag if something should happen to my husband. I want to know what it means exactly if you are on the deed but not on the loan. What rights does she have being put back on the deed. Can we even do such a thing. The property is mortgaged. Her fear is that should my husband die I will take everthing and leave her out in the cold. Well the reality is that things would change not just for her but for me as well and she should not think that I could support her as my husband has. I would want to sell it and give her some money and get out from under the responsibility. My husband and I own another condo which he and I and my two childern live. My mother inlaw will hang on to the condo until forced to leave and or I go broke.
My husband is ready to put her name back on it just to please her I think it is a disaterous idea.
I have been married to my husband 4 years and together 7.
Prior to our marriage he owned a condo with his mother.
Since or marriage he wanted to refinance so he could pay off indebtedness. Because his mother is retired she was not considered to qualify for a refinance, so he and I refinanced it in our names. She was told what was going on and the reasons why but now she claims she didn't realize that I was included in the transaction. She lives in the condo and pays only 400. of a 1,245. payment. She refused to pay any more. We pay the rest.
She is incenced that I am a co owner of the property. She wants my husband to put her back on the deed to the property. I do not want to be left holding the bag if something should happen to my husband. I want to know what it means exactly if you are on the deed but not on the loan. What rights does she have being put back on the deed. Can we even do such a thing. The property is mortgaged. Her fear is that should my husband die I will take everthing and leave her out in the cold. Well the reality is that things would change not just for her but for me as well and she should not think that I could support her as my husband has. I would want to sell it and give her some money and get out from under the responsibility. My husband and I own another condo which he and I and my two childern live. My mother inlaw will hang on to the condo until forced to leave and or I go broke.
My husband is ready to put her name back on it just to please her I think it is a disaterous idea.