Question regarding title to property

[mrembecki]

Hello,

I am purchasing a house with my fiance to live in. The house is for us and not for investment purposes. I am having her purchase this house in her name only while paying her half the amount. How do I go about being on title without being on the mortgage? This seems to be possible in my mind. If a person`s parents were to buy their son a house as a wedding gift, they would have a mortgage, but their son would have title to the property. I`m basically trying to protect myself against the possibility of her taking the entire property if things don`t work out in the future.

Kind Regards,

Marty.

 

[PaulPoulsen]

Hi Marty;

It`s my understanding that in order for your name to appear on title, it needs to go on the mortgage. If that`s not possible, you can always talk to your lawyer and ask about filling a caveat to protect your interest. A pre-nup may also me an option.