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Reply to "Would you ask for joint title on a condo DH bought when he was single and in this circumstance? "
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[quote=Anonymous][quote=Anonymous]I'm in a similar bind, but on the flip side. I own a condo, about half its value is mortgaged and half equity. I also have a car, half equity half still paying off car loan. DH comes to marriage with no vehicle and $13K in credit card debt. Also no liquid savings. What he does have is a federal pension. He's 20 years in. I have no pension and no retirement savings. We're paying off his cc debt and our own mortgage on the house we just bought jointly. The condo makes a small income as a rental; otherwise it covers its own costs. He wants to be added to the title, but says there's no way to add me to his pension. He says he'll support us both when we're retired, but the condo is my only nest egg and I don't want to give away half of it when I don't have a guarantee I'd have a piece of his pension. Wonder if any of this could be covered by a postnup?[/quote] I'm in a similar flip side situation as well. I owned a house for 10 years prior to marrying DH. We lived in it together fir 4 years and then bought a new home together and each out down equal amount if money for the down payment. The house I owned is now a rental and DH wants to refinance to save money which would mean adding his name to the mortgage. I'm reluctant to do this since it is mynest egg and my parents gave me a chunk of money with which to buy the house. I have some cash from an inheritance that I'm thinking about using to pay off the mortgage and call it a day. The way I see it is that even though DHs name us not on the mortgage, he is still benefitting from the rental income. I know this sounds counter to marriage , but you never know if a marriage will end in divorce and I feel a strong need to protect my nest egg. [/quote]
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