UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next
Author: joelcorley Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308451  
Subject: Re: A little ironic Date: 8/28/2004 6:45 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
buckmizer,

You wrote, The other weird thing was that his fiance wanted to be put on the title AFTER the mortgage had cleared. She wanted to do it right there, but couldn't. We were wondering why did they just not apply together--unless they were hiding a less than stellar credit for her.

Acutally, she didn't have to be on the mortgage to be on the title. I know this from experience. As long as she signed the necessary release for the lienholder, whether she was on the title or not shouldn't have mattered.

On the other hand, he would have to have been completely stupid to buy a house and give her title to half of it before he was married to her. I would suspect someone advised him to that effect and he probably was playing ignorant.

Of course changing the title after the fact may be difficult; but if they live in a community property state it shouldn't really matter. Even if they don't, she should be able to arrange a 50% equity stake in the house as part of the prenuptual agreement -- assuming they bothered with that.

- Joel
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (4) | Ignore Thread Prev | Next

Announcements

TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement