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

    Mar 12, 2010, 12:36 PM
    If I add my name to title of house does that make me responsible for loan too?
    My fiance' wants to add me to the title of the house, but if he defaults on the loan does that leave me responsible?
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
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    #2

    Mar 12, 2010, 01:36 PM
    No. You are not responsible for paying back the loan unless you sign the mortgage note. However if your fiancé adds you to the title and then defaults on the loan and the lender forecloses then you will lose your ownership interest in the home.
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