---

Name on the title but not loan

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
Lilith Guest	Posted: Fri Nov 12, 2010 7:16 pm    Post subject: Name on the title but not loan Like 0 Dislike 0 My boyfriend and I, we are buying a house in long beach ca. We are under a program for the city that loans you 200,000.00 for the house. Well because of my bad credit I was not on the loan but will be on the title along with my boyfriend, my dad n my boyfriends 6 yr old son. We just opened escrow need to do inspection in the house and hopefully close escrow by dec 20th.. My question is what should I make sure it's on paper so that I can have equal legal rights to the house n money back invade we ever split. I just want to protect myself n get n give fair share. I didn't give half for the down pymt but will b paying half of my monthly mortgage n bills by check. Does it matter if I'm not on the mortgage? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Mon Nov 15, 2010 1:36 am    Post subject: Like 0 Dislike 0 Hi Lilith, If your name is mentioned on the property deed, then you will be considered as one of the owners of the property. Though your name will not be mentioned on the mortgage docs, you'll be able to claim your share of the property in case it is sold off. Thanks
Jan Guest	Posted: Fri Nov 19, 2010 2:38 pm    Post subject: Open n close escrow with one name Like 0 Dislike 0 I'm very concern about all this docs... We r getting a loan under my boyfriends name only but I'm supposed to be on the house title.. We opened escrow now n he signed a few papers already (disclosures, contract, vesting sheet) on none is my name... They tell me that I should b on the vesting for the title but he says this is just dealing with the financial part... I will b on the title later before we close escrow but the person who had him sign some disclosures already said that as of for now he's name is the only on title n that he can add me after we close escrow... What??? So when n where was my name suppose to appear to have had been on the title and have on paper that I will b getting equal rights as him on the property?? I was told that if my name is on the title which I'm assuming is the same word used for deed.. I will have half of the house though I will not b on the loan.. Is that right?? I don't want escrow to close n I loose out.. Does it make a difference if I'm on title before it closes or add on after it has been closed??? Pls someone well informed n aware answer my question I'm beggining to get freaked out n left out or fooled...
jameshogg Joined: 20 Dec 2005 Posts: 10460 Location: Nevada 987.57 Dollars($)	Posted: Sat Nov 20, 2010 12:24 am    Post subject: Like 0 Dislike 0 Hi Jan, Your query has been replied to in the given page: http://www.mortgagefit.com/loantalk/open-close-escrow.html Take a look at it. I hope it will help you. Thanks

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0