names on a deed for a house

[bodanna]

my daughter and son in law are buying a house. my son in law told my daughter that her name can't be on the loan due to her not working. she is on disibility. my question is this - can her name be put on the deed with my son in law, or will his name be the only one on the deed. its my daughters disibility money that is putting the down payment on the house they are buying. they live in sheboygan, wisconsin. he told her that it will only be his name on the deed. any help would be appreciated. thank you

[LCDMAN]

Being a predominantly UK based site, I'm not sure if anyone here is sufficiently knowledgeable about US real-estate law to help you. Maybe clannad, our good friend based in the USA, can?

[LCDMAN]

Forgot to say, for what's it's worth - if it is your daughters disability money that is the down payment then she certainly DESERVES to be on the deeds! She has a monetary interest in theproperty, after all is said and done.

[VHG]

Even though they are based in the USA I would say this is a load of rubbish.

Having a disability cannot be a reason for leaving a name off the deeds of the house.

The problems would come if they split up, she may have problems getting her share of the house.

MAKE SURE SHE GETS HER NAME PUT ON THOSE DEEDS.

[Postdog]

I'm with the others here. I doubt US law is that different in this respect, and I think a fast one is being pulled to get sole ownership.

[dzug]

Her name can't be on the loan presumably because she has little or no income so can't be responsible for repayments, not specifically due to disability.

A secured loan on a house has to be taken out by the owners. All of them.

So on the face of it. the son in law is right.

I'd still check it out though - he may be trying to pull a fast one.

Now you may find a loan company that isn't too fussy - but the existence of such companies is part of the reason for the current financial crisis.

[Sheela]

My husband and son in law have a mortgage between them based on their individual income. Neither my daughter or myself has a job so consequently our names are not on the loan but they are on the deeds. If your son in law's mortgage is based solely on his income then obviously your daughter's name wouldn't be included on the loan and the payments would not be her responsibility but this is no barrier to her name going on the deeds and she should make sure that it does. You never know what the future holds - this is her security and if her name is left off she could be left penniless.