Could I Lose My Home

[new_to_this]

I live in California and have been married for over a decade. Five years ago, we purchased a house with my Mother. We used her as the primary loan applicant because of some programs she could participate in. We paid half of the down payment and half of the mortgage for the first 2 years. 3 years ago we re-financed and in doing so, the title company wanted to officially add us to the title, since we had been paying half of the expenses, as did my Mother who considered this half of our home. The new deed reads, "my Mother, a single woman as her sole and separate property and my husband, a married man as his sole and separate property as Tenants in Common." My name was not allowed to be added to the title because my name was not on the loan due to the fact that I haven't generated a great deal of income over the last few years.

I did not sign a Quit Claim to the house. If a divorce were to happen, would I have any rights to my house?

I am in a panic! Please help!

 

[seniorjudge]

Q: My name was not allowed to be added to the title because my name was not on the loan due to the fact that I haven't generated a great deal of income over the last few years. I did not sign a Quit Claim to the house. If a divorce were to happen, would I have any rights to my house?

A: The title company is full of crap. Unfortunately, it is not your house. The records at the courthouse state that it belongs to ma and her kid. If you get divorced, you will have to show how much YOU contributed of YOUR money from YOUR checking (or whatever) account.

 

[Duranie]

You might have some rights to the house but next time, insist your name get added to the deed. You really need to talk to an attorney.