My boyfriend put my sons names on the deed. What happens if he sells the house?
Full Question:
My boyfriend bought a house and put my sons name on the deed. My boyfriends name is the only one on the mortgage. What happens if he sells the house? Does my son have to pay any taxes or anything? My son does not live in the house, he is married and has his own home.
06/09/2007 |
Category: Real Property ยป Deeds |
State: Rhode Island |
#6287
Answer:
If the son has an ownership interest, he can be held liable for property taxes and other obligations of ownership. However, if the home is sold, his name will probably no longer be on the deed.
