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Old 09-30-2008, 11:35 AM   #91
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Quote:
Originally Posted by roadfix View Post
Title should be held jointly if at all possible.

Unmarried people may be benefitted by owning as tenants in common.

You absolutely should be consulting an attorney as you go forward with this.
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Old 09-30-2008, 11:38 AM   #92
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All you really need to know as a borrower is that if you understand what you agreed to, and you do your part, no one will take your home, raise your rates, or otherwise change the terms.
Yes. Make sure you read and understand the documentation of what you are getting into.

And understand that the terms of your agreement very well may change, depending on several different factors. If this is the case, it will be set out in the mortgage documents.

You should be using a lawyer to help you.
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Old 09-30-2008, 11:41 AM   #93
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I didn't realize this couple wasn't married. Here's one last piece of advice: YOU COULD BE HEADING FOR SOME REAL TROUBLE. GET YOURSELF A LAWYER BEFORE YOU SIGN ANYTHING. YOU HAVE NO IDEA WHAT WILL TRANSPIRE BETWEEN YOU TWO IN THE FUTURE AND THIS COULD AFFECT YOUR FINANCIAL SITUATION AND OWNERSHIP OF THIS HOUSE. If Suzy Orman knew you were doing this she'd pass out cold.
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Old 09-30-2008, 11:54 AM   #94
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Ouch, ouch ouch! Not married - no commitment - and an important long term debt? Ouch. Can you by yourself easily make the loan pyment + taxes, insurance, condo fees, maintenance you are responsible for, etc. What is your legal status where you are - is common law marriage legal there and if so after how long living together. Ouch, given what just happened to the home mortgage market this just might blow it - is your purchase contingent on obtaining suitable financing so you are off the hook if you can't? You said something about waving financing or something like that. You might be owing someone money if you can't finance. I hope this goes well.
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Old 09-30-2008, 03:49 PM   #95
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Dont listen to them! Good luck with your purchase and I wish you the best of luck!!
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Old 09-30-2008, 03:56 PM   #96
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Dont listen to them! Good luck with your purchase and I wish you the best of luck!!
Not listening before they bought a house has gotten a great many people into a boatload of trouble. Just sayin ....
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Old 09-30-2008, 03:57 PM   #97
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and some who listened got in trouble also.
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Old 09-30-2008, 05:26 PM   #98
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A little too forceful there Drama.. I can read just fine without you 'yelling'.

We have a lawyer. We are also considered common law now, which means we have been living together for a certain amount of time. It is the same rights as marriage without the certificate.

I also kinda wish people would read at least my responses to people.. before yelling at me some piece of information someone has already kindly pointed out.
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Old 09-30-2008, 07:01 PM   #99
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A little too forceful there Drama.. I can read just fine without you 'yelling'.

We have a lawyer. We are also considered common law now, which means we have been living together for a certain amount of time. It is the same rights as marriage without the certificate.

I also kinda wish people would read at least my responses to people.. before yelling at me some piece of information someone has already kindly pointed out.
Saph,, sorry about the "yelling." I wasn't yelling at you I was trying to drive a point home. Didn't know you would see it as yelling. Please Please, see a lawyer before you do this. I have very good reason for being so strong about this. If you do contact one and tell him what you are planning on doing you 'll see why I said what I did. Again, sorry, didn't mean to come on so strong, but this is a very serious situation you are getting yourself into. You have the choice so whatever you decide is your own business I guess. Anyway, I do wish you the best on this purchase. Your laws may be different in Canada and I hadn't thought of that. In the USA this could be trouble-big time.
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Old 09-30-2008, 07:06 PM   #100
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hey, enjoy your new home.......isn't a great feeling??? plant a garden..........it's now your home love it and make lots of love there..............yeah, I'm saying it........
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