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re: Another Real Estate Question
Posted on 2/13/13 at 9:17 am to pakowitz
Posted on 2/13/13 at 9:17 am to pakowitz
quote:
I was told by someone that because I am still living in the home and she chose to move out, that I would be the one responsible for the mortgage payments.
if that were the case people would just move out of houses so they dont have to pay the note
Posted on 2/13/13 at 11:33 am to bryso
I bought a house with my gf, but we're not allowed to be legally married, otherwise we would be. We did get a lawyer and had a joint tenancy with right of survivorship agreement written up. If we ever break up, we'll probably sell the house unless one of us buys the other out. We put down equal downpayments as well. Luckily for us, we've been together almost 8 years now and it's still awesome, and we live in an area of Dallas that is desirable right now. If we had to sell, we wouldn't lose any money on the house. We'd actually both make a little profit.
But back to OP. If we could legally be married, like your girlfriend and you, we would have done so before making such a large purchase. Even if you can afford to make the payments and keep the house, her name is still on the papers. She owns half and if you ever do sell down the line, she will be entitled to half, even though she didn't contribute financially.
But back to OP. If we could legally be married, like your girlfriend and you, we would have done so before making such a large purchase. Even if you can afford to make the payments and keep the house, her name is still on the papers. She owns half and if you ever do sell down the line, she will be entitled to half, even though she didn't contribute financially.
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