Q: Visitor My fiance and I have agreed to purchase a home in an unmarried status. My credit score was low so we decided to
Visitor
My fiance and I have agreed to purchase a home in an unmarried status. My credit score was low so we decided to have the loan in his name. The home won't be available until June. How can I secure myself in the event of a breakup? We both put money in on the deposit. If he decides to secure the loan and me not be in on the home once completed what are my options?
A: I assume have have not closed on the house. If so, then part of preparing closing documents is a deed which is basically a title, a document showing ownership to the property. Make sure your name goes on this deed. A lawyer will be drafting this deed to transfer ownership from seller to purchaser. Make sure you consult with that lawyer and tell him/her about your situation.
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