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Old 03-03-2009, 11:53 AM
 
2 posts, read 4,081 times
Reputation: 10

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The only reason is she is just a homemaker and eventually does not have any income and does not have any credit history either so i am not sure if all these had to do something with her being on the deed as her contribution would be 0 financial and also she does not have a ss# neither she has credit rating...at all 0 ...and yes she is legally here ....
Thank you if someone can throw somemore light with this prospective in view...
Regards

Quote:
Originally Posted by CHTransplant View Post
And if you later divorce, the fact that her name is not on the deed does not mean the property is not marital property.

Lots of issues at play when it comes to spouses and real property - real estate law, estate law, divorce law. Presumably there's some reason behind your desire to not put your wife's name on the deed. To confirm your objectives and ensure they can be met, it's best to consult with an attorney.
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Old 03-03-2009, 06:12 PM
 
Location: Holly Springs NC
553 posts, read 2,331,586 times
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There is no requirement that she has to buy the property with you. However, if you choose FHA financing be aware that liabilities from both of you will be included when your debt to income is calculated for loan qualifying purposes. This is true of government loans not conventional loans.
I would suggest you consult with an attorney prior to doing this. Many people opt to have their spouse on title but not on the loan. Also, laws differ if you have a revocable trust. If you need a real estate attorney (I would recommend specifically a "real estate" attorney) PM me and I will send you the info on the one I use for my real estate matters. Good luck!
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