Legal Question in Real Estate Law in Ohio

deed of house

What happens if name is on deed of house, but second person made no down payment. Something happens to person who bought it, what happens to house and person who did not share in down payment even though name is on deed?


Asked on 4/11/07, 7:36 pm

1 Answer from Attorneys
Elizabeth Powell ELizabeth Powell PS Inc

Re: deed of house

Paying for something, and having an ownership interest in that thing are not the same.

Your name can be on a deed. You are then an owner of record. Doesn't matter whether you paid money for it or not.

If something happened to the person who did make the down payment (e.g. they died) then the other person with their name on the deed owns the property - or I suppose jointly with the decedent's estate.

Hope this helps. Elizabeth Powell

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Answered on 4/12/07, 3:42 pm


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