Click To View Links

Ownership Question

by Wayne
(New Hampshire)



I am buying a house in New Hampshire and paying the down payment and closing costs myself.

If my daughter-in-law's name is put on the mortgage, is she entitled to anything if I want to sell?

=====ANSWER=====

Hello Wayne,

Thank you for stopping by and asking your question. I enjoy sharing my brain with people like yourself.

If your daughter-in-law goes on the mortgage with you, she will no doubt be on the deed as well.

If she is on the deed with you, then she has a legal right to the property and would have to be agreeable to any sale of the property since she would have to sign off at the closing.

The only way I know of to avoid this issue would be if she was to quit claim her interest in the property to you before any sale were to take place.

Please keep in mind I cannot give legal advice and this idea may or may not work in your state. Each state has different laws.

You would have to consult a legal professional on how this may work in your behalf.

If this were to work and she did a quit claim to you, she would still be obligated on the mortgage however.

I hope this helps to answer your question. If you find this website helpful, please do me a HUGE favor and "like" us in your FaceBook account and/or give us a shout out in Twitter. You simply use the button just below, just be sure to be logged into your account when you do this.

Thanks for coming by,

Jeffrey Ragan

Click here to post comments

Return to Mortgage Questions.

Recent Articles

  1. Arkansas First Time Home Buyer Grants | Programs | Down Payment Assistance

    Dec 11, 18 05:55 PM

    Pursuing any Arkansas first time home buyer grants to purchase that home? Find the best grants for home buying in Arkansas and other home mortgage programs available on this page.

    Read More

  2. New Jersey First Time Home Buyer Grants and Programs

    Dec 11, 18 05:21 PM

    Hunting for New Jersey first time home buyer grants to purchase that home? Find the best grants for home buying in New Jersey and other home mortgage grants available on this page.

    Read More

  3. Kansas First Time Home Buyer Grants

    Dec 03, 18 04:09 PM

    Looking for Kansas first time home buyer grants for your down payment? Find the best assistance programs for home buying in Kansas on this page.

    Read More

Buyer Programs

fha loans

The FHA Loan Products

Home Buyer Grants

zero down home loans

Zero Down Home Loans


Follow Us On Twitter

follow me on twitter