Do you need to change your name when buying a property?

Most buyers give attention to only getting the registered sale deed as a proof of rightful ownership of the property and updating the name in the official records like property tax documents is often overlooked by many new property buyers.

Do you have to pay property tax on old name?

Legally the old buyer would be liable to pay such dues since they did not notify the corporation for the sale transaction. The buyer also needs to make sure all receipts including electricity bills, water bills and property tax bills are initiated in his or her name rather than any old owner.

What should I do if my husband buys my house?

If the home has remained solely in your name during the marriage, you have a good argument that it should be awarded to you in a property settlement. However, it appears that it is the marital home and to remove your husband you most likely will need to obtain a court order for your exclusive use of the marital home.

What are my rights if I bought our house before we got it?

If the house is your separate property you can ask the court to give you exclusive use and possession of the home and order him out. If the community paid any mortgage payments or repairs or improvements your spouse can seek those monies be given back to the community and he would be entitled to a reimbursement.

What happens if your spouse buys a house in Your Name?

The lender requires that both owners’ names go on the title when they used both of their financial qualifications to acquire the loan. If your spouse purchased a home with a loan in her name only, the home is considered community property unless you relinquish your rights to the property.

What happens if your house is not in Your Name?

Property inherited or gifted to one spouse also remains separate property. If your name is not on your home’s title for these reasons, you would not own the home; neither would you be held responsible for loan repayment or any other lien placed on the property, even if it resulted in foreclosure.

Can you have both names on the title of a home?

Both names can be on the title of the home without being on the mortgage. Generally, it’s best to add a spouse or partner to the title of the home at the time of closing if you want to avoid extra steps and potential hassle.

Is the title of a home separate from the mortgage?

The title or deed of a home is separate from the mortgage or loan. Homeowners’ names can appear on the title and not on the mortgage. Learn the ownership implications of your name being on the deed of a home verses the financial responsibility of your name showing up on the mortgage.