Fiance claimed i promised to put him on title only to the house i bought by myself who uses title only?

Anderson
I remember offering to refinance with him on title and on loan/mortgage. He says I promised to put him on title only. I have only ever purchased property and always saw the mortgage and the title linked. Who uses the title only arrangement with another person? Why would they do that? Is there any tax or legal issue I'm unfamiliar with?

Beulah
No benefit to you at all. The ONLY benefit is to him, he owns half the property the moment he is on the deed. He literally turn around and say he wants his 50% the next day and you would have to give it to him. He has no ties to the mortgage, so you get to pay that all off yourself.I would be leery of his intentions, and not do anything regarding the house prior to being married, but not even then if you do not have to.

Faith
Get a prenup immediately. Sounds to me like he wants half the equity in the house if you divorce but doesn't want his name on the loan. A prenup could spell everything out in the case of divorce. You keep the house and loan in your name but promise him 40% (maybe 50% - whatever you both agree to) of the equity from the date of marriage to the date of divorce. You would have to get your house appraised before the wedding to see what the equity is. Say you bought for $100, 000 and now its appraised for $120, 000. You already have $20, 000 equity. So you write the prenup that he gets 40% of the appraised value after filing for divorce minus $20, 000. Not romanitc I know but this sounds really fishy to me. Don't give up what you worked hard for!!

Fred
this is a huge red flag, and you should definitely have this talk before you walk down the aisle. there is no benefit to you of him being on the title and not the mortgage. however, there is a huge benefit to him...only you are responsible to the payments, yet he owns half the home. as someone else said, it's a huge mistake to joint property with someone that you aren't married to. this sounds very fishy to me. in fact, it sounds to me like your fiance is in this to snag half of your house.

Brandie
It's a bad idea to gt into any legal issues with someone you're not related to or married to. It can cause enormous problems later on. No title only is ridiculous! So he has no monetary responsibility but he has a legal right to the property? I think not!

Elvie
At present, you and the finance company own the house.If you add another person on the title, you need the finance company approval of this person.