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Yes you need an attorney and I agree you should buy the house yourself and then enter into a formal agreement where she pays rent but doesn't accrue equity in the property. If you end up getting married then you can reformulate your agreement if necessary and can will the house to her in the event you die before her. But with her bad credit hanging off her and with nothing financially stable to offer, do the smart thing. Buy something reasonably priced that you CAN afford on your own and stash away whatever rent she pays that you don't need for mortgage payments so that you build up a nice little nest egg. Good luck!
This is great advice. I have a friend who had bought a house with her fiance and when he broke up with her she was able to get some of the money from him for a share of the house because she was able to prove that she contributed to it even though she was not on the mortgage or deed. Of course this may vary based on your jurisdiction, but I think getting a lawyer to draw something up would be a good way to protect you. Then if you do marry her look into a pre-num to make sure it shows what happens with the house.
she was able to get some of the money from him for a share of the house because she was able to prove that she contributed to it even though she was not on the mortgage or deed.
Woah! Looks like you need prenuptial for girlfriends now? Yikes.
If this is the same GF who kisses other men in front of you and refuses to take you to company functions, you should not buy a home with her or eventually marry her. You should dump her. Yesterday.
Goodness! Petunia, thanks for pointing that out. Mr.Stress is this the same GF that sits you down and speaks to you like a kid? Hugs and kisses co-worker and will not take you to company gatherings because you don't know how to act???
Don't buy a house with her .... run, MrStress, quick, fast as you can and get away from this woman.
My experience is people who come on the net and ask these questions never do the obvious and take the train wreck route instead... expect the same outcome here.
If this is the same GF who kisses other men in front of you and refuses to take you to company functions, Yesterday.
Quote:
Originally Posted by CarolinaWoman
Goodness! Petunia, thanks for pointing that out. Mr.Stress is this the same GF that sits you down and speaks to you like a kid? Hugs and kisses co-worker and will not take you to company gatherings because you don't know how to act???
.
Plus, she has no money and bad credit.
Cannot imagine why you would want to live with this person much less get involved in buying a house with her.
After reading his prior post describing the relationship, the very nicest thing I can say about his gf is that she is an alcoholic, and it goes down hill from there. He should dump her immediately, but he won't.
He admitted getting screwed in his last relationship, he is destined for the same results if he sticks with this loser..
Buy a small home you can afford with just your name. Then invite her to stay and she can split the utilities, water and keep a list of items she owns that she brings in. When and if you get married she will have legal rights to the home, keep her off the mortgage with her bad credit.
Keep renting, and with the lease in your name only and at a price you can afford alone.
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