Legal Question in Credit and Debt Law in Maryland
I would like to know how to include my daughter in my buying a car or house. banks do not except her as a cosigning. what can i do. thank you
Asked on 6/27/10, 7:11 pm
1 Answer from Attorneys
Paula McGill
Attorney at Law
I'm not certain what you want. Do you want her to have ownership in the house and car or do you want her to be obligated to pay the debts or do you want her to have an interest in the house and car when you die?
If you want her to have an ownership interest in the house, she can be on the deed without being obligated to the bank. Similarly, she can be on the title without being obligated on the car note.
Otherwise, more information is needed on your goals and reasons for having your daughter on the car and house.
Also licensed and practicing in Maryland
Answered on 6/30/10, 10:58 pm
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