My question involves a condominium located in the State of: Massachusetts
Hello,
My girlfriend of 3 years and I were considering buying a condo. The condo itself is for low income housing. The asking price is 70k in which I'll put down a 7000 down payment. This offer was recently sprung on us after a friend of my girlfriend's father closed on a house and informed him that he will be selling the condo. Members of her immediate family have stated that we should put it in her name only and that's where my problem lays. If we're pooling money together to get this condo with the majority of the money coming from me I think my name should also be on the paperwork. I don't think they will, but if things were to go sour where would that leave me and the money I've invested if my name was not on the papers?
As a combined total, we both make less than 40k per year
Hello,
My girlfriend of 3 years and I were considering buying a condo. The condo itself is for low income housing. The asking price is 70k in which I'll put down a 7000 down payment. This offer was recently sprung on us after a friend of my girlfriend's father closed on a house and informed him that he will be selling the condo. Members of her immediate family have stated that we should put it in her name only and that's where my problem lays. If we're pooling money together to get this condo with the majority of the money coming from me I think my name should also be on the paperwork. I don't think they will, but if things were to go sour where would that leave me and the money I've invested if my name was not on the papers?
As a combined total, we both make less than 40k per year
Articles and Bylaws: Name on Ownership
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