Jan
18
Is it legal for my stbx to buy a house for me and our daughter?
By
I’ll sign over my interest in our present house if he lets me use his income to buy a cheaper place. He can do whatever he wants with the present house after that. He’s too slow and lazy to help prep the house for sale. Its not healthy for us to all be in here together anymore. I think he’s also using that to control me. I’m looking for a job but it might take a while to be able to buy a house. With his help it’ll be faster and fair I think. Anyone had this experience?
Since we are still married I can claim his income. Please only answer if you have experience doing this or know what I mean. (stbx means he’s my soon to be ex.)
Sell and Rent Back
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1 Comments
January 21st, 2010 at 9:25 am
It sounds like you want to use someone elses income so you can qualify for a mortgage. Doesn’t that seem a bit shady to you? Just because you sign over title interest in a property does NOT release you from the obligation. It will still be on your credit and still over your head.
If you apply for a mortgage and claim income that is not yours, it is indeed mortgage fraud. DO NOT DO THIS!
The source of income (job) would be verified and that will blow the whistle on the deal and on you!