Yes, there is a mortgage. Home is in Georgia. Please explain both scenarios. (Adding prior to closing and after closing)
Although it is none of my business, you are about to make a mistake. I cannot tell you how many times we see situations like you are trying to create. If the two of you split up, there would be no laws to protect you as there would be in a divorce. Instead, you would have to litigate under the rules governing real property law. This process could take you into the court system for years. If you want to do this, I strongly urge you to sit down with an attorney to discuss the pros and cons involved. Most all home loans require you to sign mortgage documents which notify you that the lender can call the entire loan due and payable immediately if you do anything to endanger their interest in the collateral (the home). Creating another owner (by conveying a property interest in the home to boyfriend) does just that. Finally, the partitioning laws of GA would allow your boyfriend to force a sale of the house (against your will) whenever he chose to. Again, please meet with an attorney to discuss your plans first.
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