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kret
November 5, 2019
Question

Names on deed when cosigning mortgage

  • November 5, 2019
  • 1 reply
  • 0 views

My adult son is buying his first home and I am cosigning the mortgage.  What are the pros and cons of my name being on the deed?

1 reply

A
Anonymous_
Employee
November 5, 2019
@kret wrote:

What are the pros and cons of my name being on the deed?

You should consult, in-person, with a local attorney (see link below) or financial/tax adviser.

 

https://www.avvo.com/

 

Essentially, and summarily, having your name on the deed gives you some semblance of control over the property (including disposition thereof) and, on the downside, opens you up to premises liability. 

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