I have been making the monthly mortgage payments, part of the property tax, in addition to any repairs and upkeep on the home under the assumption I was part owner. When I questioned my status as part owner I was told that is not the case. By co-signing, I did them a favor and would be compensated at time of their death through their life insurance policy. I have never seen or heard of the life insurance policy. What are my rights to ownership of the home?
If your name is on the deed, you are part owner of the property.
This answer is for general education purposes only. It neither creates an attorney-client relationship nor provides legal guidance or advice. The answer is based on the limited information provided and the answer might be different had additional information been provided. You should consult an attorney.
3 lawyers agree
General Practice Lawyer
You are not only an owner in law because your name is on the deed, you may also have an equitable interest if you have been making payments and taking care of the place. I don't know who "they" are, but it hardly matters. Call for a consultation with a real estate lawyer if issues have arisen related to ownership.
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