Legal Question in Real Estate Law in Michigan
My husband and I are about to purchase our first home. The loan is in his name only because I have been a stay at home mom and really don't have any credit established either. Our loan officer said my name doesn't need to be on the title to the house because of the dowry rights in MI, I would automaticlly be given the rights to the house and possessions. Is this so or should my name go on the house also?
2 Answers from Attorneys
Totally wrong. You should be on the deed so that if your husband dies, you dont have to probate the house. Kliszlaw.com. Tim Klisz
Your lender is practicing law without a license, and he is giving you incorrect information. You must sign the mortgage, or your husband will not be able to close the loan, as the mortgage gives the bank the right to place a lien on the property, something they cannot do without your agreement. While you do not have to sign the note, you would be foolish to not have your name on the deed. You should also have an attorney review all of your documents, before you sign anything, in light of the bad advice you were given by the lender.
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