Q: Can I provide cash to neighbors' paid off house then I would go on title as part owner for any future sale ?
He needs $30,000 for various reasons . He bought house 10 yrs ago for $45,000 now its value is about $180k. He doesn't want to sell/refi/Heloc. Can we do this and all share in any sale proceeds?
A: Hire a competent TX attorney to draft a Deed from him to you creating a Tenancy In Common, unless he is willing to give you a recorded Mortgage. Do not transfer money without one of the instruments being executed and recorded.
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