Posted on: 12th Feb, 2007 08:29 pm
I'm purchasing a new home and I'm getting the loan ...the lender will not add my fiance's name to the house because we are not married yet. We will get married in August and the house will be ready in July. How do I go about putting my fiance/future wife name on the deed after we are married. Can I add her name as soon as escrow closes?
Welcome Tony,
If you are residing in a community property state, then your wife will automatically get a certain share of the interest in your property after marriage. You need not execute a deed for this. However, if you are not staying in a community property, then you may add your wife's name to the deed after marriage.
If you are residing in a community property state, then your wife will automatically get a certain share of the interest in your property after marriage. You need not execute a deed for this. However, if you are not staying in a community property, then you may add your wife's name to the deed after marriage.
I've never heard of a lender not allowing a co-borrower on the loan just because they're not married. Are you sure that was the real reason? Or, were you wanting to put her on title, but not on the loan? If that's the case, they wouldn't allow it.
Also, even in a community property state, while she may have legal interest in the property, it's not necessarily the same interest as if she were on title as joint tenant.
Also, even in a community property state, while she may have legal interest in the property, it's not necessarily the same interest as if she were on title as joint tenant.
