Posted on: 30th Jun, 2010 02:54 pm
I am soon to marry a man who kept his home during the divorce from his previous wife. Instead of buying her out they put a $100,000 lein on the home which has to be paid in 2017. When he and I marry I will be paying for half of all bills including home loan. Should my name be added to the house so I am intitled to some ownership in the future,and is this even possible with a lein.If my name is added and he should default on on the lein agreement how does this effect me?
Hi Guest,
As there is a lien on the property, it is better not to add your name to the property deed unless the lien is fully paid off. If your husband defaults the lien agreement, then his previous wife can force him to sell off the property in order to recover the dues.
Thanks
As there is a lien on the property, it is better not to add your name to the property deed unless the lien is fully paid off. If your husband defaults the lien agreement, then his previous wife can force him to sell off the property in order to recover the dues.
Thanks