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Buying a house in a "in community state"

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astrab Joined: 05 Mar 2009 Posts: 1 1.62 Dollars($)	Posted: Thu Mar 05, 2009 10:43 am    Post subject: Buying a house in a "in community state" Like 0 Dislike 0 I come from another country and am married OUT of community of property. We settled in California which I believe is IN community of property. I have applied to purchase a house in my own name and the offer states that it is in my own name etc. When I am applying for finance in my own name they want my spouses credit record as well (why I am not sure...) If I purchase this in my own name, and the morgage is mine fully, what does Californian law saw about my spouse having any rights?
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Fri Mar 06, 2009 12:41 am    Post subject: Like 0 Dislike 0 Hi astrab, California is a community property state and thus your spouse will have certain rights to the property though you purchase it in your name. I guess, that's the reason why the lender wants the credit report of your spouse. You can ask your spouse to sign an inter-spousal deed in your name. This will remove your spouse's interest from the property and her credit will not be taken into account. _________________ Procrastination is the enemy of your financial success

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