What are you looking for? 

Remaining in the HOme

Author Message
rachelesposito
Guest








0.10 Dollars($)

PostPosted: Mon Jul 30, 2007 9:03 am    Post subject: Remaining in the HOme

My husband purchased a home prior to us getting married. He has one daughter. Now that we are married, what would happen to the home in the State of Texas if he passed away? What can I do to ensure that I can remain in the home?

Thanks!

_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant
 
image
Icon Mini Profile miller_st

miller_st

Joined: 17 Jan 2007

Posts: 917



168.82 Dollars($)

PostPosted: Mon Jul 30, 2007 11:56 am    Post subject:

Rachelesposito,

You and your husband can make a new deed to hold title as joint tenants for the house. Joint tenancy means that after death of one of the joint tenants other joint tenant automatically becomes the new owner of the house.

If your husband wants his daughter to be on the house title then she can be included in the deed as joint tenant along with both of you. This way if in case your husband passes away you and his daughter will become the new joint tenants.

Miller
 
image
Icon Mini Profile larry



Joined: 27 Jun 2007

Posts: 2598



349.41 Dollars($)

PostPosted: Tue Jul 31, 2007 1:54 am    Post subject:

Hi Rachelesposito,

If your husband prepares a will referring you as beneficiary to the property, you will receive rights on the estate upon his death.
You can also add yourself to the property either through a quitclaim deed or a grant deed. But for a grant deed, you should remember, that there must not be any lien in the property.
Otherwise, you may go for joint tenancy as said by Miller.
 
image
Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Helpful References
Mortgage Guide
Mortgage Terminology
Industry News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool
Mortgage Planner
Simple Budgeting Tool


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit Live Help

Explore the lender near you

Google Map Image

MF Talk

 
About Us  | Contact Us  | Our Blog  | Privacy Policy  | Testimonials  | Website Tools  | RSS Feeds  | Site Map 
We have chosen to apply the Creative Commons Attribution License to all works we publish.
This work is licensed under cc by 2.0