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Deeds, Mortgages, and Names

Started by middlewest
over 13 years ago
Posts: 9
Member since: Mar 2012
Discussion about
I came across a recent example where a married couple purchased a very expensive apartment ($15m to $20m price range), but the husband (who very likely earned nearly all of the money to pay for the apartment) was the only one with his name on the deed, while the very large mortgage had both of the couple's names on it. Is there any reason why someone would do it this way? Is it just some kind of oversight? Or does it provide some kind of protection to the husband? It seemed odd to me.
Response by MSantori
over 13 years ago
Posts: 29
Member since: Mar 2012

One possibility is that they had a pre/post nuptual agreement that sets the apartment apart as the husband's in case of divorce, and they didn't want to run afoul of that provision.

Marco Santori is a lawyer in New York City, but he isn't *your* lawyer, and you should not rely on this post for legal advice. If you have any other questions, feel free to email at MSANTORI@NMLLPLAW.COM

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