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    missintro's Avatar
    missintro Posts: 1, Reputation: 1
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    #1

    Aug 31, 2010, 01:18 AM
    Two names on title
    My boyfriend purchased my home from me to help me aout of losing it. And now we want to put my name on the title. How do we go about doing that? Because we were told that it wouldn't be a problem and uyou could put anyone's name on a title.
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
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    #2

    Aug 31, 2010, 05:26 AM
    At the top of the Real Estate Law forum there is a sticky post that explains how to add someone to a deed. You can read it at https://www.askmehelpdesk.com/real-e...eed-91136.html
    Bonnie2498's Avatar
    Bonnie2498 Posts: 1, Reputation: 1
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    #3

    Jun 20, 2012, 05:54 AM
    I'm buying a owner finace home.Should I have two names on the title. To protect me from un forseen accident or from being sued? Does the word and/or make a difference on a title?
    Thank you
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #4

    Jun 20, 2012, 08:06 AM
    If you are buying the house then your name goes on the title. If you add a second name to the deed (parent? Friend?) then that person is a part-owner, and has full rights to move in if he/she wants. Then when you sell the house they have rights to half the proceeds. And it exposes you to risk of the other owner being sued. So no - you don't add a second name to a title unless that person is a true half owner, meaning they put up half the down payment, pay half the mortgage, taxes, insurance, and utilities, and you each understand that both of you have rights to live on and use the property.
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #5

    Jun 27, 2012, 07:52 AM
    Quote Originally Posted by Bonnie2498 View Post
    ... Does the word and/or make a difference on a title?
    ...
    That's actually two words, separated by a slash. And the bad thing about that usage is that it is ambiguous: which is it: "and" or "or"?

    No; "and/or" is not properly used on a deed. Depending on which state you are in, it should be either "and" (which would create a tenancy in common) or "___ and ___ as joint tenants with the right of survivorship and not as tenants in common".

    A tenancy in common means that, when one of the two owners dies, the property passes to his or her heirs (or devisees named in a will). JTWROS, on the other hand, means that when one dies the property belongs to the survivor, without the necessity to go through probabe. In at least one state, JTWROS is not permitted except between spouses.
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