If we have a separate contract on the ownership of the new property would a bank or the courts recognize the contract?

Asked by bkboating, Boca Raton, FL Mon Sep 17, 2012

I completed a short sale on my house three months ago. My girlfriend completed a short sale three years ago. I have 20K to give her towards a down payment. I can’t be on the mortgage and she does not want me on the deed if I am not on the mortgage. If

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Joan Lorberb…, Agent, Boca Raton, FL
Mon Sep 17, 2012
It's good that both you and your girlfriend are each looking out for your individual as well as your joint interests in the property. Just as others have suggested . . . you should consult with a real estate attorney to see that each of you are protected both now and in the future.
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Bob Brubaker, Agent, Lake Worth, FL
Mon Sep 17, 2012
I agree with Danielle- The advice you need is Legal. Whatever you do ,make
certain any conditions on the "gift " to your girlfriend are fully disclosed
to the new lender! and they are ok with same -before you get into a deal! Good Luck!
Get good legal advice for "structure" and be upfront with your lender.

Bob Brubaker Highlight Realty Palm Beach County Fl. 561-876-6649
Web Reference:  http://pbc-realcam.com
0 votes
Nadine Mauro, Agent, Lake Worth, FL
Mon Sep 17, 2012
You definitely need the advice of an attorney. If you would like the name of a great real estate attorney in the area please contact me directly.

Nadine Mauro
Highlight Realty
0 votes
Danielle Sha…, Agent, Cape Coral, FL
Mon Sep 17, 2012
Sounds like you need legal advice. Contact an attorney that specializes in real estate law.
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