Can my friend adds my name into his title deed?

[chuongngd]

What is the name of your state (only U.S. law)? AZ

My friend wants to add my name into his title deed, do we have to prove our relationship or something else?

 

[justalayman]

nope. any idiot can add anybody they want to the title of their property. The state doesn't care if you give away your property.

of course with few exceptions, it is generally a very bad idea to give away part of your property and put yourself in a situation that is extremely difficult to extricate yourself from should the two parties decide they no longer want to be co-owners of a property but hey, it's not my property he is giving away.

 

[latigo]

What is the name of your state (only U.S. law)? AZ

My friend wants to add my name into his title deed, do we have to prove our relationship or something else?

What needs to be "proven" is your friend's sanity! And to ask yourself, "Would I do the same stupid thing"? If so, then you are both nut cases.

 

[CdwJava]

Of course, that might also make you responsible for any liabilities associated with the property ... liens, bills, debts, damage, etc.

WHY does he want to put you on the title? What possible reason would he have for that?

 

[STEPHAN]

Is there a mortgage of the property?

 

[chuongngd]

Is there a mortgage of the property?

Yes, there is still a mortgage of this but both of us are agree. Any problem then if my friend or me quitclaim deed?

 

[FlyingRon]

Yes, there is still a mortgage of this but both of us are agree. Any problem then if my friend or me quitclaim deed?

The bank may care and would likely be within their rights to call the loan.


You do understand (or your friend should understand) that putting someone on the deed isn't some sort of estate planning or membership in a club. You are being given ownership of half (or whatever) of the property. Your friend irrevocably loses ownership of what he deeds to you. You become legally responsible for the taxes. While you're not responsible for the mortgage, you can certainly be foreclosed against if the mortgage doesn't get paid.

You'd need to explain to us WHY either of you thinks this is a good idea.

 

[FarmerJ]

You now have the option of marrying your friend and that too would be one way to settle this problem!

 

[latigo]

Yes, there is still a mortgage of this but both of us are agree. Any problem then if my friend or me quitclaim deed?

Should the owner deed you an ownership interest in the home, that in itself would not render you personally liable on the mortgage or any other outstanding liens against the property. Not unless you contracted in writing with friend to assume some responsibility for those liens and they were clearly specified.

In which case, (theoretically speaking) those lien holders (mortgagee) would have status as third party beneficiaries and hold you financially responsible to the extent of your assumption.

Also the laws of cotenancy are such that each co-tenant or co-owner is responsible for their share of the expenses of maintaining the property in proportion to their percentage of ownership, including mortgage payments, ad valorem taxes, insurance, normal maintenance, etc.

Which means that if you acquired some ownership, but did not agree to assume any portion of the outstanding indebtedness against the property, the other co-owner - upon pay those obligations could seek contribution from you for your proportion share. Plus, hold you financial responsible for the costs of maintaining the property (taxes, insurance, upkeep etc.) to the extent of your percentage of ownership.

As I see your situation, the only reason you would allow the friend to grant you part of that home is out of selfishness. Because it would be a tremendous disservice to him! Whether he realizes it or not, he eventually will regret it. And that is a promise!

 

[anteater]

But, but, but.... We're so in love!

All you grumpy and negative people (especially that latigo) ...

 

[STEPHAN]

Don't do it! You have been warned.

 

[latigo]

But, but, but.... We're so in love!

All you grumpy and negative people (especially that latigo) ...

Listen, Aardvark. You just keep your nose busy in those termite mounds!

 

[chuongngd]

Should the owner deed you an ownership interest in the home, that in itself would not render you personally liable on the mortgage or any other outstanding liens against the property. Not unless you contracted in writing with friend to assume some responsibility for those liens and they were clearly specified.

In which case, (theoretically speaking) those lien holders (mortgagee) would have status as third party beneficiaries and hold you financially responsible to the extent of your assumption.

Also the laws of cotenancy are such that each co-tenant or co-owner is responsible for their share of the expenses of maintaining the property in proportion to their percentage of ownership, including mortgage payments, ad valorem taxes, insurance, normal maintenance, etc.

Which means that if you acquired some ownership, but did not agree to assume any portion of the outstanding indebtedness against the property, the other co-owner - upon pay those obligations could seek contribution from you for your proportion share. Plus, hold you financial responsible for the costs of maintaining the property (taxes, insurance, upkeep etc.) to the extent of your percentage of ownership.

As I see your situation, the only reason you would allow the friend to grant you part of that home is out of selfishness. Because it would be a tremendous disservice to him! Whether he realizes it or not, he eventually will regret it. And that is a promise!

Because the problem of us is that he owns me and couldn't pay, so he wants to add my name to deed, after a while time, if he still couldn't pay, he will quitclaim deed, also if he can pay, I will quitclaim.

 

[latigo]

Because the problem of us is that he owns me and couldn't pay, so he wants to add my name to deed, after a while time, if he still couldn't pay, he will quitclaim deed, also if he can pay, I will quitclaim.

(You mean that he bought you and hasn't paid for the merchandise?)

Seriously though, if he needs you to help him pay the expenses of keeping the home, rather that doing a quitclaim why couldn't you simply loan him the money and take a promissory note or some other writing whereby he agrees to reimburse you.

Obviously I was wrong earlier and apologize as it now appears that this proposed arrangement is more for his benefit than yours. But just keep in mind that if you go on the title to the property he can legally require you to pay a proportion of those expenses. But if you stay off of the title and loan him the money he can't.

Good luck and don't bake down there in sunny triple digit Arizona

 

[chuongngd]

(You mean that he bought you and hasn't paid for the merchandise?)

Seriously though, if he needs you to help him pay the expenses of keeping the home, rather that doing a quitclaim why couldn't you simply loan him the money and take a promissory note or some other writing whereby he agrees to reimburse you.

Obviously I was wrong earlier and apologize as it now appears that this proposed arrangement is more for his benefit than yours. But just keep in mind that if you go on the title to the property he can legally require you to pay a proportion of those expenses. But if you stay off of the title and loan him the money he can't.

Good luck and don't bake down there in sunny triple digit Arizona

Thank so much for your advice. I know exactly how much mortgage of this deed now, and both of us are agree with that deal. Any problem then when he quitclaim deed and I want to refinance the mortgage?