Q: My grandson and girlfriend bought a house together. His credit wasn't good enough she got the mortgage. His name is
On the deed. He put 16,000 down. Had to say its a gift.What can he do? To recover any of his money, and home improvements. Thank you,
A:
Are they now splitting? At some point, one person would need to "buy out" the other in exchange for a deed. That is when your grandson would need to negotiate. Legally, he will be between a rock and a hard place on the downpayment; it's legally a gift, with no obligation on the girlfriend to return it.
Hopefully, the situation has not dissolved to your grandson and girlfriend parting, but if it has, your grandson may want to think of this as a life lesson. He should get what he can, but don't expect it to be 50/50 life a marriage divorce.
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