AboutMatt Heisler Expertise I can answer questions about buying or selling your home, and questions about the market in Massachusetts, with detailed answers if you ask about my specific area in Mass, Metrowest. I can help with Investment property and the basics of financing. How to construct deals and how to find bargains and how to protect capital. Land, home sales, rehabs, fix and flips, income property are places where I could be able to assist you. I can also answer basic questions about foreclosure, short-sales, 1031 exchanges, and basic questions about how the economy and credit markets are functioning and how that affects you.
Experience My company sells residential real estate in Metrowest, and we have had a been selling real estate in the area for 20 years.
Question In Massachusetts, Can more than the mortgagee be listed on the deed for ownership? RE; If I purchased a home and I wish my girlfriend to assume ownership in the event of my passing, can she be listed on the deed? Important Please respond... Thank You Brian
Answer Hi Brian-
There are many legal situations here that you need to consult an attorney for. But my layman's understanding is the following. If you want the home to pass title to a person at your death, that is typically handled by a will and the processing of your estate by the probate courts. If you put her on the deed, you'll need to put her on the mortgage as well, but that may not solve your problem. Since you're not married, I believe the state will regard the situation as 50/50 ownership, depending on how your deed is drawn up. It's hard to explain, but basically, by putting your significant other on the deed you now share the house 50/50. But the 50% that you own transfers to your Next of Kin - NOT TO YOUR GIRLFRIEND. It would only transfer to your girlfriend if you redraw the deed with specific language that specifies that you are willing it to her in the event of your death.
It's good to have your affairs in order, but your estate should be handled by an attorney.
