Posted: Tue Oct 13, 2009 11:45 am Post subject: name on loan vs name on deed (florida)
my family member learned of his wifes prior bankruptcy at the closing of a house they were attempting to purchase. in order to complete the transaction, "it" had to be in his name only.
i assume "it" was the loan.
does that also mean her name is not on the deed?
and what rights does she have to the house by virtue of being married to him?
You are correct in assuming that "it" refers to the loan. It does not mean that the wife's name is not on the property deed. You will have to check out the property deed in order to see if the wife's name is included in it. If the wife's name is not on the property deed, then she won't have any rights to the property.
Florida is not a community property state. So, the wife will not have any rights to the property just because she is married. _________________ Procrastination is the enemy of your financial sucess
Guest
Posted: Tue Oct 13, 2009 8:16 pm Post subject:
If the wife isn't on the loan, she isn't on Title either.
As the wife is not on the title of the property, she will not be considered as a owner of the property. Thus, she won't have any claim over the property. _________________ Procrastination is the enemy of your financial sucess
luckycharmfarm
