 I own a house with my boyfriend and i want out of the house and the relationship. Can i sign the house over? |
| i am 24 yrs old and my boyfriend and i bought a house together 18 months ago and now i want out of the relationship. With the market how it is right now it is almost impossible to sell. I want out ... |
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 I need to break my lease!! how can i do that?? |
| Im in a lease at my apartments but the crime is getting real bad. my car got broken into and one of my good friends got raped near where i stay. there has been a big rise in crime since i have lived ... |
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 Refinancing with poor credit? |
| I am in an adjustable rate morgage, I have been for 3 years now. It is a 80/20 loan. Paid 115 and it similiar homes are going in the high 130 or low 140. My credit scores are 559 at low and 585 at ... |
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 How does a foreclosure affect a co-signer? |
Hi,
I was just curious of how you can save yourself, as a cosigner, from a foreclosure?
Does anyone have any idea?
Thank you very much.... |
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 Landlord/realty ignoring phone calls for maintenance requests. What to do? |
| What can be done if the landlord who is actually a realty is ignoring phone calls and voice messages left to them? There were more than four instances within the span of 6 days and they won't ... |
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 If you were facing foreclosure, what would you do? |
| Would you use Google to find a company to save your house or sell your house to? Is there a particular site you would go to?... |
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 I bidded on a house and now I cant afford it what do i do? |
| The other day I went to an auction and bidded 20000 over budget. The real estate person was really hassling me and I dont know why but I paid to much. I have not signed anything and I have not paid a ... |
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 Mortgage ? |
Can I cosign on a mortgage when I have no credit? As in no bad credit, no good credit?
Additional Details
I would be cosigner. Hubby is the major bread winner.
I have never ... |
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 Rent increases? |
| My landlord increased my rent twice already, once every 6 months since I moved to my apartment. Now they want to increase the late charges from $50 to $100! a couple of months ago we got a letter ... |
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 When a tenant gives 'written notice' when wanting to terminate a rental agreement. Does by email count? |
| We want to move out asap. The contract states 1 months written notice (nothing about it being signed). I emailed about 2 weeks ago, can I now write a signed letter and back date it?... |
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 Is there a sales tax on buying real estate? |
| If you buy a house, do you need to pay a sales tax on top of everything else?... |
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 I want to refinacne my mortgage in CA, are you a loan officer? |
| I got a 7% F mortgage for 15 years and i want to refinance it because i want to take out cashout of 90000 out of my equity of $250000. My credit score right now is 692. I want to contact some good ... |
|
 Can a landlord raise the rent any amount he wants in a private house? |
| So far he has tried to raise my rent 100 every year since I moved in! I have no lease but isn't there some kind of guideline he must follow as a landlord?... |
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 When buying a home, should you tip your real estate agent? |
| I know the agent gets paid based off of the price of the home; however, what is a good way to show my appreciation for his work after closing?... |
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 Moving out of parents house.? |
I am 24 in part time eduction to get the qualifications i need to get a job coz i left school when i was 14 due to bullying. I live in the uk.
do you guys have any advice for someone ... |
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artqueen5 | Is it a good idea to buy a house before you get married? |
A friend of mine is thinking about buying a house with her partner. They are in no rush to get married, but thinks this is a good idea to save money. Her boyfriend is using his trust fund to put down a down payment. She cant contribute yet cause she hasnt found a job in 6 months. I think she is rushing into this situation.
( What do you all think?) Thanks!
Additional Details
You have all confirmed my doubts about this situation. Do any of you know of an article that has been published that might show her the light on this subject? |
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Bubbles
 |
Everyone is different- I have seen it work both ways. My and my husband did it but we also sat down and had a list of rules on what would happen if we did break up- like for example we would sell the house, I would get all my money back because I put the down payment on and a little extra and he would receive some profit from the sell of the house because he paid into it. You can do it but both people have to be mature enough to handle it and handle a break up- and be fair to each other.
Honestly, its more stupid to buy a house if you don't have a job...... sounds like a bad situation. |
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lorijotx
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I personally would wait. What if something happens to their relationship and they break up (not like they are married, right?). If he is putting the down payment, I see her getting the shaft. Better to wait and be married so it is 5050 right down the middle. |
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Doctor Deth
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unmarried people should never buy real estate together. period. Massive headaches if they break up and aren't married |
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wisegirl74
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I personally don't think is a good idea, unless they have established that the house belongs to the boyfriend. This is a very bad descission, I have a co-worker who did it and after 1 year of sharing the new purchased home they broke-up (they were together for 8 yrs.) So life is unexpected. I will not do it. |
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bigtrucks4x4s
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It sounds to me that he will be buying the house and she will just be living in it with her name attached to it, he will get he shaft if he doesn't protect himself. My husband and I bought our house first before getting married after dating for 3 years, after living in the house for 4 months we ran to Vegas and tied the knot, and we have now been married 13 years. So if this is something he is comfortable doing it sounds like he is the idiot. |
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luvmy2kids
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Well, it depends on a lot of things. First of all, since she doesn't have a job, does he make good money? Enough to buy the home they want to live in? If she is unable to work for a while, he needs to be able to make enough to pay it without counting on her contributing.
I won't say it's a bad idea, because I don't think it is. I bought my first home with my now hubby 6 months b/f we got married. I actually was a senior in high school and I had a house! We have been married almost 6 years now and I wouldn't change anything about us buying a home together then. It is a very personal decision. They just have to determine if it is affordable and if it's what they really want/need right now.
I hope they do have intentions of eventually getting married though. If I wasn't engaged, I don't think I would have went out house hunting. I would of had to know we had a future together. Tell your friend Good Luck! I wish them the best. |
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Marysue
 |
I’ve seen as many instances of failure as success, but problem is that if you’re on the “fail” side, unless you were very proactive, you’re screwed because you have no legal protections: http://www.wwlaw.com/coown.htm
http://homebuying.about.com/b/2008/04/28/home-buying-before-marriage.htm
http://www.inman.com/buyers-sellers/columnists/ilyceglink/buying-house-marriage-can-be-risky
You can Google for many, many more! |
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thatgirl
 |
I did and it worked out great for me. We had already been dating for 5 or 6 years and we were just a couple years out of high school. It's five years later and we're married still living in the house. I'm glad we purchased and didn't waste our money on renting an apartment.
I have another friend who purchased a house with her boy friend and it didn't work out as well. When they split they just sold the house and split the profit before parting ways. So even in her situation it worked out ok.
I'm all for it. A piece of property of your own is much better than renting in my opinion. Even if they split, things will work out one way or another. |
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the d
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well sinnce he's throwing a lot of money into, what the heck
do i honestly think it is a good idea to buy property with someone who you are not related to or are married to, NO |
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bud68
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It is not. Many of these "great ideas" wind up in financial disaster. They should keep their finances separate until they are legally married. |
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Big Sky 23
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I don't see how this is a good idea for either of them, because of the question: if they break up, who gets the house?
If his name is on the mortgage and the title and he is making the payments (since she is unemployed), then he could legally kick her out whenever he wants, as she has no legal right to live there.
If she is able to convince him to put her name on the mortgage and title, then he might be required to sell the house and give her half the equity even though he put up all the money into it.
Why would she want to commit a 15 or 30 year debt when she doesn't even have a job? That's her first problem, her second problem is that her boyfriend doesn't see that either. You don't increase debt and expenses when you have no income, you do everything you can to reduce them. |
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