Legal Question in Real Estate Law in California
title in joint tenancy
My husband bought the house we live in prior to our marriage. The bank still
owns the title of the house but there is some equity built in. What is the best
way to have that equity shared with me? I was told that changing the title to
Joint Tenancy was the best way to do this.
If so, where can I find forms to change home title from single ownership to
joint tenancy?
Also, my credit is bad. Does this prevent me from taking ownership at the
present time in the house?
1 Answer from Attorneys
Re: title in joint tenancy
A poor credit rating would not prevent you from taking title. However, if you have any creditors that have or are preparing to sue you then they could get a lien on the house if it is in your name. There may also be other potential problems with taking title in your name. As to the best form of holding joint title that depends upon you pariticular circumstances for you and your husband.
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