Buying a house together

[Darren&Laura 3]

Hi all,

Because myself and Laura had twins last year while my K1 was still processing we need to get a bigger place now that our babies are on the verge of getting mobile. we had a meeting with our bank that Laura has banked with for many years, 9she added me to the account after we got married), and got approved for a mortgage. However, because I am currently out of status awaiting my green card which could take ages the bank had to remove me from the mortgage application to get approval, so the mortgage is approved purely on Laura's income.

We've now found a hosue and have put in an offer but the realtor, (part of our extended family here) has called me today stating that without me be named on the title of the house I would have no claim to it should something happen to Laura. Obviously I'm concerned about this as I will be paying over 20% of the house value as a down payment out of my own savings and should something horrible happen to Laura I wouldn't want us, and especially the kids to be homeless.

Does anyone know of a way that I can be named on the property title without being named on the mortgage?

Thanks,

Darren.

[wizardfitz 13]

Hi all,

Because myself and Laura had twins last year while my K1 was still processing we need to get a bigger place now that our babies are on the verge of getting mobile. we had a meeting with our bank that Laura has banked with for many years, 9she added me to the account after we got married), and got approved for a mortgage. However, because I am currently out of status awaiting my green card which could take ages the bank had to remove me from the mortgage application to get approval, so the mortgage is approved purely on Laura's income.

We've now found a hosue and have put in an offer but the realtor, (part of our extended family here) has called me today stating that without me be named on the title of the house I would have no claim to it should something happen to Laura. Obviously I'm concerned about this as I will be paying over 20% of the house value as a down payment out of my own savings and should something horrible happen to Laura I wouldn't want us, and especially the kids to be homeless.

Does anyone know of a way that I can be named on the property title without being named on the mortgage?

Thanks,

Darren.

im no lawyer or real esate agent, but i would think a quick claim deed might be able to get you name on the house

[Sylvia_n_Joseph 3]

It really isn't as dire as it seems . If your wife predeceases you her estate is where her house would go. I would assume you are the person that would be named. The hard part is to either pay off or get new money so you wouldn't have to liquidate the property. How long are you going to have to wait to be in status. Is it possible to put off the house for a little ? I am sure it is exciting moving up but it might be better money wise to delay a few months.

[Darren&Laura 3]

It really isn't as dire as it seems . If your wife predeceases you her estate is where her house would go. I would assume you are the person that would be named. The hard part is to either pay off or get new money so you wouldn't have to liquidate the property. How long are you going to have to wait to be in status. Is it possible to put off the house for a little ? I am sure it is exciting moving up but it might be better money wise to delay a few months.

I've no idea how long I'll be out of status for - the wait according to VJ could be well over a year until I get conditional permanent status, plus I don't intend on returning to work in the short to medium term anyway as I want to stay home and look after the babies, (I have savings that I can live off for a few years, but not enough to buy a house for cash although I can allocate about 50k for the deposit). The house we've found is perfect so we really want to push ahead, plus the place all four of us are living in at the moment is far too small for us. I also don't want to wait any longer as it's a buyers market at the moment and it may not be in the future.

Hi all,

Because myself and Laura had twins last year while my K1 was still processing we need to get a bigger place now that our babies are on the verge of getting mobile. we had a meeting with our bank that Laura has banked with for many years, 9she added me to the account after we got married), and got approved for a mortgage. However, because I am currently out of status awaiting my green card which could take ages the bank had to remove me from the mortgage application to get approval, so the mortgage is approved purely on Laura's income.

We've now found a hosue and have put in an offer but the realtor, (part of our extended family here) has called me today stating that without me be named on the title of the house I would have no claim to it should something happen to Laura. Obviously I'm concerned about this as I will be paying over 20% of the house value as a down payment out of my own savings and should something horrible happen to Laura I wouldn't want us, and especially the kids to be homeless.

Does anyone know of a way that I can be named on the property title without being named on the mortgage?

Thanks,

Darren.

im no lawyer or real esate agent, but i would think a quick claim deed might be able to get you name on the house

thanks - I'll mention this to our attorney tomorrow when he's back in the office.

[rebeccajo 14]

***

Edited June 27, 2008 by rebeccajo

[rebeccajo 14]

Hi all,

Because myself and Laura had twins last year while my K1 was still processing we need to get a bigger place now that our babies are on the verge of getting mobile. we had a meeting with our bank that Laura has banked with for many years, 9she added me to the account after we got married), and got approved for a mortgage. However, because I am currently out of status awaiting my green card which could take ages the bank had to remove me from the mortgage application to get approval, so the mortgage is approved purely on Laura's income.

We've now found a hosue and have put in an offer but the realtor, (part of our extended family here) has called me today stating that without me be named on the title of the house I would have no claim to it should something happen to Laura. Obviously I'm concerned about this as I will be paying over 20% of the house value as a down payment out of my own savings and should something horrible happen to Laura I wouldn't want us, and especially the kids to be homeless.

Does anyone know of a way that I can be named on the property title without being named on the mortgage?

Thanks,

Darren.

Ask if you can be put on the deed.

Just because you aren't on the mortgage doesn't mean you shouldn't be able to be 'in title' to the property. Couples buy property all the time where the loan documents are held in only one name but the title to the property is in both.

Also - you've got babies. Get some wills written. You'll sleep better at night.

[Darren&Laura 3]

We've been told by both an attorney and the bank sorting the mortgage that it is impossible for me and Laura to be listed on the title of the property until I have residency - which could take a long time. Only the people on the loan can take title - which seems totally dumb to me. Maybe Wyoming does things differently to states with more sense.

Ridiculous.

Edited June 27, 2008 by Darren&Laura

[*julez* 124]

That's weird that you can't be listed ion the deed. We're buying a house right now and initially my husband didn't have his green card. He was still going to be on the deed (title). However, the 1st house we wanted fell through and by the time we found a second one, his greencard was approved. I was not aware that condidtional residents can't be property owners. I'd get another professional opinion on that.

In the meantime, I'd have some other legal document drawn up that states in the event of Laura's death, the property goes to you. Or if the marriage fails, that its acknowledged your financial contribution is to be reimbursed. Best to have all bases covered, just in case.

Good luck!

[Darren&Laura 3]

I've just spoken to the guy at the bank again and it seems the only reason I can't be listed on the loan and thus the title is because the couldn't find a record of my social security details from my number. I applied for an SSN about two weeks after arriving permanently in march and received my card in early April. However, it would seem that something related to the SSN has not been activated despite me receiving it.

I'm shortly going to go to the Social Security office here in Cheyenne and see if they can shed some light. If it turns out something is amiss then I may be able to be listed on the loan after all and the problem would be solved.

I seem to recall reading peoples posts in the past on here having problems with their social security number, I've just done a search but can't find anything appropriate to my issue. Can anyone shed any light on what the problem could be with my SSN - obviously at the moment I'm awaiting my conditional permanent residency, so am officially out of status I guess, but the same SSN stays with me for life doesn't it so a record of me should still exist surely?

Any help will be greatly appreciated. I'm off to grab a shower now and then get the babies ready to leave so will check back on here before I go.

[*julez* 124]

Well, the bank won't be able to pull a credit history for you, since you just arrived here. I think that may be what he means that there is no record of you. Otherwise, I have never heard of getting a SS# "activated".

But still, once the loan is on the books, your wife should be able to process a quick claim deed and add your name that way. I am very skeptical about what you're being told about that. The loan, I understand. The deed, I don't.

[desert_fox 32]

Any problem that you may have is with the lender...they do not want your name on title per their own rules. Your wife cannot retitle the house without their permission as they charge for this service....credit check, new loan origination, etc.

She can always write a will to protect you.

[CBR 0]

Hi all,

Because myself and Laura had twins last year while my K1 was still processing we need to get a bigger place now that our babies are on the verge of getting mobile. we had a meeting with our bank that Laura has banked with for many years, 9she added me to the account after we got married), and got approved for a mortgage. However, because I am currently out of status awaiting my green card which could take ages the bank had to remove me from the mortgage application to get approval, so the mortgage is approved purely on Laura's income.

We've now found a hosue and have put in an offer but the realtor, (part of our extended family here) has called me today stating that without me be named on the title of the house I would have no claim to it should something happen to Laura. Obviously I'm concerned about this as I will be paying over 20% of the house value as a down payment out of my own savings and should something horrible happen to Laura I wouldn't want us, and especially the kids to be homeless.

Does anyone know of a way that I can be named on the property title without being named on the mortgage?

Thanks,

Darren.

im no lawyer or real esate agent, but i would think a quick claim deed might be able to get you name on the house

Are you sure you don't mean "QUIT claim deed?" I had to do this when I was divorced and needed the house in just my name. We did a quit claim deed to get my ex husband's name off of the house which meant he had no rights to the house. Like you "quit" your "claim" to the "deed". Or is there a quick claim that puts you on?

[tom&tata 2]

If the SSN is too new, other institution might not have it (well....I think DMV did not have mine after 6 months but we are talking about DMV here... ). I remember also that a background check for a job cannot be completed because SSN was too new.

Anyway, we were told to go to SSA office to get manual verification which means get a print out stating my name + SSN - signed by the person who was there at the counter that day. Problem solved for us.

As for name on deed, everybody already gave you good input. Good luck!

Edited June 27, 2008 by tom&tata

[Darren&Laura 3]

If the SSN is too new, other institution might not have it (well....I think DMV did not have mine after 6 months but we are talking about DMV here... ). I remember also that a background check for a job cannot be completed because SSN was too new.

Anyway, we were told to go to SSA office to get manual verification which means get a print out stating my name + SSN - signed by the person who was there at the counter that day. Problem solved for us.

As for name on deed, everybody already gave you good input. Good luck!

I called the 1-800 number for the national SS dept a few minutes ago and was told this too before I saw this post. I'm off down to the local office now with all my ID. Thanks to everyone who replied.

Fingers crossed this solves the problem.

[Krikit 1,165]

Sounds like a strange way to do business. What about all the people who own homes in the US but live in another country? (Canadians and Brits with vacation homes in Florida, for example.) I hadn't even applied to adjust my status when we purchased our home a few days after we married, and my name's on the deed. And the mortgage company was willing to add me to the mortgage (with no SSN and no GC) but because it would have increased our rate another .25% I chose not to do so. I'd kind of be concerned about that lender if that were me. But I find US business practices a little strange to begin with, so maybe that's "normal".