Legal Question in Real Estate Law in Maryland

If you are going to be on the deed as an owner, your interest in it would be considered marital because it was acquired during the marriage and not from an out of marriage source. By the way, the lender is going to require all owners of record to sign the deed of trust (mortgage), even though you may be the only party to the promissory note and the loan was based just on your credit. This is a very risky transaction for you because if your friends run into financial difficulties and default, your credit will be adversely affected. You need an agreement with them that allows you to take control of the property if that happens. In that agreement, you could have a provision that says that as long as they keep up the payments, you agree that all equity in the property belongs to them, which might resolve the marital property issue.