Insterspousal Transfer Deed

[Rainday59]

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

My husband is buying investment property without my agreement. He is the borrower. I am being asked by the title company to sign an Interspousal Grant Deed. Does this in any way protect our jointly owned home or me? Our home is not being used as collateral. If the deal goes south, will I be held jointly responsible for the loan? I've held off signing it until I can talk to an attorney.

Thank you

 

[LdiJ]

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

My husband is buying investment property without my agreement. He is the borrower. I am being asked by the title company to sign an Interspousal Grant Deed. Does this in any way protect our jointly owned home or me? Our home is not being used as collateral. If the deal goes south, will I be held jointly responsible for the loan? I've held off signing it until I can talk to an attorney.

Thank you

California is a community property state therefore no, you cannot protect jointly owned assets or yourself against debt incurred by your spouse. Anything you would be asked to sign would be designed to protect the creditor, not you.

 

[Rainday59]

California is a community property state therefore no, you cannot protect jointly owned assets or yourself against debt incurred by your spouse. Anything you would be asked to sign would be designed to protect the creditor, not you.

Thank you. I appreciate your reply.