I purchased a home with my boyfriend

[denala]

What is the name of your state (only U.S. law)? Texas
In June. Of this year my boyfriend and I purchased a home. The loan and title are in his name only. We each paid half the down payment,closing costs and made some joint purchases for the home. [34k] On August 16th he filed a completely fabricated protective order and had me removed from my home with no hearing or notice. He withdrew the charge on the morning of the hearing with the agreement I would remove all my belongings from the home. He had already had them packed. I agreed. He has now agreed to sell the home and has offerred to pay me half the proceeds and refund my legal fees from my defense of the fabricated protective order. I am concerned about losing much of my original investment if the house doesn't sell quickly as he is not working and only has funds for a few more payments.I am unable to live in the home and it was not my intention or desire to sell it 3months after our purchase. I am not in the financial position to buy him out and can't afford the payment on my own. Do I have any options to recover my full investment ? Or I'm I stuck with half of whatever we can get?

 

[justalayman]

. Of this year my boyfriend and I purchased a home. The loan and title are in his name only.

no, you purchased nothing as evidenced by only his name on the title.

Or I'm I stuck with half of whatever we can get?

as I see it, you aren't due half of anything. At best, if you can convince a court your money was a loan you can sue for that but as to the ownership of the house: as it stands, you aren't due anything whether the house sells or sits.

 

[Banned_Princess]

What is the name of your state (only U.S. law)? Texas
In June. Of this year my boyfriend and I purchased a home. The loan and title are in his name only. We each paid half the down payment,closing costs and made some joint purchases for the home. [34k] On August 16th he filed a completely fabricated protective order and had me removed from my home with no hearing or notice. He withdrew the charge on the morning of the hearing with the agreement I would remove all my belongings from the home. He had already had them packed. I agreed. He has now agreed to sell the home and has offerred to pay me half the proceeds and refund my legal fees from my defense of the fabricated protective order. I am concerned about losing much of my original investment if the house doesn't sell quickly as he is not working and only has funds for a few more payments.I am unable to live in the home and it was not my intention or desire to sell it 3months after our purchase. I am not in the financial position to buy him out and can't afford the payment on my own. Do I have any options to recover my full investment ? Or I'm I stuck with half of whatever we can get?

you had better get that in writing.

since you are not on the title, you dont own anything.

 

[TheGeekess]

And not to make light of your situation, OP, but I hope others can learn from your misfortune.

'Til there's a signed and properly filed marriage license, don't buy a house with a boy/girlfriend, your fiancé(e), or whatever you're calling the relationship.

 

[ecmst12]

CERTAINLY not without your name on everything!

 

[Banned_Princess]

and definately NOT without your name on *ANYTHING* !!!!!

 

[justalayman]

If your name is not on everything involved, you should have a contract spelling out what happens if you should break up.

That is a huge problem in today's society:

couples living like they are married without the benefit of the marriage contract. When they break up, the courts are loathe to want to be involved in the mess. They are not meant to be arbiters but deciders of fact and law. When you bring a mess to court without any agreed direction, the courts cannot really do much to help the parties divide the assets AND DEBTS.

 

[tranquility]

No matter how badly denala is financially hurt by the circumstances, she will one day get down on her knees and praise the Lord the facts are:

The loan and title are in his name only.

If you are not married, at the very least, for all that is holy, make sure the loan AND the title are either in one name or both names. But, probably better for one and the same name on both.

If one person is on the loan and both are on title (usually with the excuse of credit purposes), almost all of the power is in the hands of the owner who is not on the loan. On the breakup, which happens a lot even though YOUR young 20's cutie/hunk is meant to be with you forever, that loan is an anchor around your neck which will hurt a lot to drop. A lot.