I get married, move into my wifes' home + pay montly on the note, what effect does that have on ownership?
150305
Depending upon the state you live in...in the event of her death (sorry), you will probably inherit under community property laws. In the case of divorce, you just might be out a whole bunch of money. There is, however, some credibility towards you owning at least a piece of the equity based on the amount you pay. If she owned the house prior to marriage, it, generally speaking, is hers unless you end up on the deed. Get a lawyers opinion (sorry again).
460289
Does the current wife own the house? If yes then of course, if he's the owner then he'll have to give her permission, but of course can still be done.  The state would only be able to collect what was owed, and since he was up to date that wouldn't be much that he's behind.
580779
YES.\nI owned a home with my ex and I had to refinance and he had to sign a "Quit Claim Deed" which basically allowed me to re-finance without him.  If you do not refinance, then your current lender still thinks you both owe them regardless of your marital status.
332380
That can be tough.  I believe when you are married property should be joint but that seems to be a problem in your situation.  I think you need to sit down and ask him how he feels about it.  Whether you're paying rent or paying on bills depends on your accounts. You just don't want to pay a lot for a home you have no ownership over if something does happen someday. See if you can come to an agreement after a few years or have something declared in a prenup that helps cover you. We all plan for forever but unfortunately it doesn't always happen.  Good luck in your marriage!! Have a great wedding!
203657
it's generally not a good idea. supposed after you both are on the title, and someday someone suits your girlfriend and you might be forced to sell the house.\n\nbut that's just a side note. to add your girlfriend's name to title, you can simply write a new deed, notarize it, and send it with a check (usually less than $15) to the county recorder's office to have the new deed recorded. the process is very straightforward and you do NOT need a lawyer. you can call the county recorder's office for detailed instruction and fee info first.\n\nthere might be tax implication as your girlfriend receives half of the house.
1094979
only if you skip out on paying the rent, not move on time or if you damage things and she doesnt take care of the bill before they send a collection agency after her. So, bottom line... nothing will show unless you dont pay or take care of the place.
1058288
Man do I disagree with most of this advice!\n\nFor starters, any debts that occured before you got married are not suddenly "shared" with you.  They are his debts.  The way it's going to effect you is if they (for example) try to repo the home or car.  If you are living there, you lose the home.  But what else did you expect?   It's his home, bought under his credit.  \n\nNow, if you come into this marriage with your home/car they can NOT touch it.  His name is not on the contracts, and in most states they can not place a lien on it unless his name is jointly on it.\n\nYour credit does remain uneffected.  Any property you own (unless in a community property state) is still yours and can't be touched by his creditors.  \n\nWhen I got married, my wife came with a lot of "debt baggage", and creditors were hounding her something terrible.  But I know the law!  I put an end to that harrassment, and they couldn't touch ANY of my property or hurt my credit at all.\n\nI spent the next 2 years rebuilding her credit by co-signing on credit cards and a car loan. Now her credit is better then mine!  \n\nI will suggest that he get the bankruptcy before you get married so you can get a fresh start as soon as possible.
96477
No it doesn't. My wife filed for just the things in her name only. It didn't affect mine at all. Just remember that for a while, if you open new loans or buy a car or whatever, you'll have to do it in just the one person's name. However, you can still use both people's income to get the loan.
1025506
Do not stress because if your properties go to your husband they are spouse exempt for inheritance tax. So no tax to pay.\nAlso any gains on them for captial gains tax are also wiped out on your death.\n\nPlease get a will do not leave this the administration of estates act 1925.\n\nYou may worth getting advice about how to efficiently tax plan on your husbands if he dies first, spending money now will give you the peace of mind that if something should happen to you or your husband there would be the bare minimum liability to tax.\n\nYour husband may have to pay income tax on any rental income received so be wise this aspect aswell.
91775
Do you have any record, written or witnessed that you jointly paid for the house. Any other commitment, definitely it should be in writing or witnessed.\n\nDO your own homework first. The ownership deed carries your name, in case of faulty payment schedule if you are equally responsible then you are equally rewardable too. In case she has not asked you for any CAPEX sharing earlier, that is her fault.\n\nProvided, you have to agree too -leaglly that is, for her to sell the house. If that deed gives you the right then she cannot keep you out. In fact did you share any or part of the equity, and have record or receipt to show for it? If yes, then it is an open and shut case. She will loose more money than you even by going to court, she had waited long for this and now it she pays a price with a premium.\n\nOtherwise, you have no say/no record whatsoever, just remember that the cost of 1.5" of patch and two moons was that much and hope you got your moneys worth.
801967
i never paid management fees while i was renting it was only when i brought my property i had to pay. the management bill is responsibility of the owner it should say in you contract what your rent money goes towards. if it doesn't tell the landlord that you where not aware of this extra charge and ask how much it is it normally is a set monthly payment.it goes towards the maintenance and sometimes the insurance of the apartment it sound like its a leasehold property. if you decide to pay make sure you get a receipt to prove that you have paid your landlord can write one out and sign it.
871893
The deed determines the ownership of the house, so I'll assume that the deed will show the daughter having 99% ownership of the house.  On paper, then, the daughter should pay 99% of the loan payments, so that if you are paying any part of that 99%, it's a gift from you to her.  If it's less than 11,000 a year, then it's tax free.  Do you have a wife?  If you do, you can increase this to 22,000 a year tax free.  If your daugher has a husband, then this can be increased to 44,000 a year tax free, even if your daughter alone still retains 99% ownership of the house.  Finally, there's the unifed tax credit, which is how much you can give away without taxes while living, I believe it's up to 1,000,000 for you, and another 1,000,000 for your wife if you have one.  If you've already used this up or don't want to dip into this, consider a simple loan to your daughter, whereby the payments you make on her behalf are simply added to the principal of this loan, and AFR interest charged, roughly 5% a year, so that when SHE finally dies, her estate will owe you or inheritors the balance of that loan.  These options doesn't exhaust the possibilities, but a lot more information is needed to construct something. Get a good tax lawyer.
741417
Not community property: any asset or debt that the individual had before the marriage.\n\nCommunity property: any asset or debt by EITHER PARTY that has accumulated during the marriage.\n\nThat means that, under California law,  everything gets split down the middle, regardless of whether you kept "separate accounts" or not. All the furniture, services, etc. and any bank accounts , though you think are "yours" or "his", technically you each own half of each other's stuff.\n\nAs for the debt, he's on the hook for half of it. It was a debt incurred while you were married.\n\nLikewise, you are entitled to half his retirement money accumulated during the marriage, he is entitled to half of what you've accumulated.\n\nHence, the need of an attorney for you two to negotiate who gets what.\n\nMy parents got divorced in Wisconsin, also a community property state. My mom would have had to give half her IRA to my dad, the deadbeat that he was, if the attorney hadn't worked out a compromise.\n\nThe reason behind community property law was that women frequently got scr_wed at the time of the divorce. The man usually made more money, including retirement money, and the wife wouldn't get at it unless successful in suing the husband in court. Since the man had deeper pockets, he could get a better attorney, putting the wife at a disadvantage.
1022048
A mortgage involves a note and  a (trust) deed. Unless you expressly deeded an interest to your home to your ex-husband, you are the still the sole owner and he is obligated on the mortgage note (Sucks to be him if you default). \n\nThe disposition of the house and the mortgage (and debt) should have been explicitly dealt with in your divorce. If you had a divorce lawyer, you should contact the lawyer to determine if your EX has any legal rights to the home.\n\nMortgage companies and banks do not tend to be careless where a legal owner and spouse sign a note and trust deed. You may be obligated by the note. \n\nThe mortgage, however, would not entitle your EX to any interest in your home.
1135221
no sorry i haven't and i lived in pa my whole life. sounds rough though and another good reason not to risk your home to finance something else, sorry i hope it works out for you. hopefully your spouse will have the descency to realize loan or not the home is yours and they shouldn't mess with it.
988320
The rights between you and your partner depend on the details of how you hold the property and what agreements you have made with each other. \n\nI hope you can work out your differences with your partner.
872121
Your story is very complicated i suggest that you see an AR lawyer specializing in estates.\nBelow is a brief outline of the law.\nThe property that each spouse brings into the marriage, that is, the property that s/he owned before the marriage, is considered to be "separate" or "non-marital" property. For the property to remain separate, the spouse must keep it apart from marital or community property; that is, s/he would keep it entirely in his/her name. Once the separate property has been commingled (mixed) with marital or community property, it becomes part of the marital property.\nFor example, consider a bank account with $10,000 in it owned by woman before her marriage. This woman then marries and both she and her husband regularly deposit their respective paychecks into the account and periodically withdraw money to pay for their living expenses. At the time of separation twenty years later, the bank account has $5,000 in it. Since marital property has gone into it (deposits of the paychecks and marital or community debts have been paid from it is impossible to trace the original separate property money from that of marital or community property. The result is that this bank account has changed from separate property to marital property.\nSome states, such as California, have a separate property rule that says that all property brought into the marriage, (including gifts and inheritance), that is kept separate and apart from community property remains the separate property of the spouse that owns it.