New

My Bf And I Bought A House And It’s Under His Name.

Location: Texas

Last year, my boyfriend and I purchased a home; however, only his name is listed on both the mortgage and the deed. At the time, my realtor explained and implied that it would be a simpler process to add my name to the deed at a later date. I was also informed that including me in the financing could complicate matters, as I am not a first-time homebuyer, I purchased a home approximately five years ago, which I still own. By the time I raised these questions, my boyfriend was already in the financing stage with the lender.

Another factor influencing this decision was my credit score, which was not ideal at the time. Additionally, since I already own a home and my name is on that deed, I was explained by my boyfriend and realtor that being listed on two properties could impact my homestead exemption.

For context, I contributed approximately one-third of the down payment (which was formally documented as a gift), and I am currently contributing toward the mortgage payments. We also maintain a joint account into which both of our incomes are deposited.

Given these circumstances, what next steps should I take in order to protect myself?

Would it be a good time to get my name on the deed, now that the home is purchased? Should I consult with a lawyer to see what would be the best way to go about it?

In case things go south, should I consider this a financial loss and move on?

submitted by /u/Acceptable_Jump_9816
[link] [comments]

Back to Listing

credit:

My Bf And I Bought A House And It’s Under His Name.

Popular Products