opinions on equity-share in california

[zezee]

I am the one posting the previous "unmarried, taking title....that was in triplicate". (I did post some more information and a "thank you". As I said, I am just trying to turn every stone to see what can and cannot work. Equity-share has come up as a way to handle this and I would appreciate anything you have to say on that. FYI in the end, I am conservative and would not jeopordize myself nor my children and would not do wrong by this man. Worst case, i will just hold the title and the loan. I spoke with my tax person and it was they that said, "if" the IRS were to audit my boyfriend, he must be able to show he paid the mortgage and the taxes with his check, and though they were originally reported under my SS, the tax preparer would show them paid under his SS. She said this was what they had been taught in a recent seminar. Thanks again.

 

[HomeGuru]

I am the one posting the previous "unmarried, taking title....that was in triplicate". (I did post some more information and a "thank you". As I said, I am just trying to turn every stone to see what can and cannot work. Equity-share has come up as a way to handle this and I would appreciate anything you have to say on that. FYI in the end, I am conservative and would not jeopordize myself nor my children and would not do wrong by this man. Worst case, i will just hold the title and the loan. I spoke with my tax person and it was they that said, "if" the IRS were to audit my boyfriend, he must be able to show he paid the mortgage and the taxes with his check, and though they were originally reported under my SS, the tax preparer would show them paid under his SS. She said this was what they had been taught in a recent seminar. Thanks again.

**A: consult with a CPA.