Home News I invested $25,000 in repairs in my girlfriend’s house, and contribute 50% of the mortgage — but I’m not on the deed. What can I do?

I invested $25,000 in repairs in my girlfriend’s house, and contribute 50% of the mortgage — but I’m not on the deed. What can I do?

by admin
0 comment

I am 66 and moved in with my girlfriend who owns her own house. I invested her $25,000 in repairs and paid half of my mortgage payments over the last five years.

My name is on the refinanced mortgage but not on the deed of title.

What happens after her death if she doesn’t leave a will? She has her three children with her late husband. I believe her house should go to me. what should i do?


loving partner,

If your name is on the mortgage and not on the property deed, technically you are a co-signer on the mortgage and are responsible for paying the loan, but you are a co-owner of the property. not a person. It’s an awkward place to be out there, especially considering how much money he’s already spent on repairs: he doesn’t have to spend $25,000 on a house he doesn’t own.

Assuming she agrees to put you on the mortgage, it would be more beneficial from a tax perspective to put you on the deed. These are sometimes erroneously referred to as “expedited billing” practices, perhaps for their convenience. They are designed to make property transfers seamless and convenient.

They are usually used as gifts. “At a time when real estate transactions needed to be as quick and efficient as possible, surrender deeds arose.” According to attorney Barbara Craig,“The California Gold Rush is the best example of a time when deeds of waiver were essential for transferring property quickly and with minimal paperwork.”

However, it doesn’t say (a) the value of the house, (b) how long she’s owned it, or (c) how much they paid as a down payment. Paying half the mortgage for her five years doesn’t necessarily mean you’re entitled to 50% ownership of her, even if you believe it’s fair. As far as renovation goes, you’re at a dead end.

Your letter is not the first letter I received. this leader Her husband claimed he was afraid he would divorce her if she put her name on the deed of the house he bought before they got married. It was something that haunted my life.)

this woman Her estranged husband wrote that she had a title deed but no mortgage, which is perhaps the least surprising part of the story. It seems that you have been duped by certain arrangements.

Given that you are not married and do not own the home, it is up to your partner to decide whether or not to be listed on the deed. Isn’t there? Did you knowingly agree to this? If so, why? And did your girlfriend know what she was doing? If so, you’re relying on her goodwill to add you.

check out Moneyist Private Facebook The group is looking for answers to life’s most vexing money problems. Readers write to me with all sorts of dilemmas. Post your questions, tell us what you want to know more about, or participate in Moneyist’s latest column.

Moneyist regrets that it cannot answer individual questions.

By emailing your question, you agree to publish your question anonymously on MarketWatch. By submitting your story to Dow Jones & Co., the publisher of MarketWatch, you understand and agree that your story, or any version thereof, may be used in all media and platforms, including through third parties. ..

Also read:

“It doesn’t work out between us”: My girlfriend and I sold our house in Florida. Our $200,000 profit was transferred to her account. She refuses to give me her fair share.

I want to inherit $1.3 million from my widowed mother. I live abroad with my partner. Should I give up her job and go home to take care of her?

When I was on vacation, I shared the expenses 50/50 with a friend. She wants me to split the foreign transaction fees on her credit card on her own. Is it sharp practice?

You may also like