Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: RockinRight

I know of someone who "bought" a house but she is married, does not work, she had her husband sign a doc. saying he has nothing to do with the house, and her mother gave her 1k to use as a down payment. The house is a shack and she paid $230k for it. How in the world can someone buy a house like this? If it were you or I, this would be a no-brainer. The mother and the husband are not listed anywhere on the docs.

Go figure. I say this was a corrupt deal.


24 posted on 11/07/2006 8:21:15 AM PST by hsmomx3 (Steelers in '07--Go BIG BEN!!!)
[ Post Reply | Private Reply | To 21 | View Replies ]


To: hsmomx3

It depends what state they are in. In many states, if your spouse buys a home, even if you're off the deed and sign off on the mortgage you are STILL considered owner of the home according to state law, and therefore responsible for it in an indirect way.

Assuming her husband is living there, it's probably a legitimate deal. He makes the money, has bad credit, she makes no money and has good credit.


28 posted on 11/07/2006 9:01:00 AM PST by RockinRight (Maintaining a Republican majority is MORE IMPORTANT than your temper tantrum.)
[ Post Reply | Private Reply | To 24 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson