<TABLE class=tborder id=post19483 cellSpacing=1 cellPadding=6 width="100%" align=center border=0><TBODY><TR><TD class=alt2 style="PADDING-RIGHT: 0px; PADDING-LEFT: 0px; PADDING-BOTTOM: 0px; PADDING-TOP: 0px"><TABLE cellSpacing=6 cellPadding=0 width="100%" border=0><TBODY><TR><TD noWrap>Junior Member
</TD><TD width="100%"> </TD><TD vAlign=top noWrap>Join Date: Jan 2009
Posts: 6
</TD></TR></TBODY></TABLE><!-- / user info --></TD></TR><TR><TD class=alt1 id=td_post_19483><!-- message, attachments, sig --><!-- icon and title --> transfered title on house
<HR style="COLOR: #ffffff; BACKGROUND-COLOR: #ffffff" SIZE=1><!-- / icon and title --><!-- message -->I have been living CL with a man in BC for 4 yrs. now. We both owned our own homes. We became engaged and agreed that he would sell his house and move closer to me, as I had a 14 yr old in school .
We found a home that we agreed to purchase. He put a deposit down and we jointly signed documents to purchase. Our agreement was that he would supply downpayment from the sale of his home ($200,000) and we would both share equally in all expenses. Mort, food, utilities, taxes, etc, In return, I would contribute by way of purchasing a car, truck and new trailer, and pay for basement to be finished . My financial contribution was around (130,000).
The house was purchased and a mortgaged obtained as joint tenants.
After around 3 years, he began to have financial issues, Adult children wanting continued child suport for going to college, and he unknown to me had run out of money and had been living off of credit cards and cashing in all of his RSP's. He began to have creditors and his ex start threating to sue. I got scared and said that we maybe should split up, as it was clear that he was not good handling money and I was worried about protecting my son and I.
He did not want me to leave and offered to transfer the house over to my name only, to make me feel secure. and show his intent to protect me from getting financially hurt. We spoke to a lawyer and were told that this was OK as long as there was no litagation pending. There was not. So we proceeded. Things have excalated and he has had his wages garnished and is taking his ex. to court to have CS canselled because his children (20, and 23) will no longer talk to him because he ran out of money.
I am furious with him , because i feel he draged me and my son into a situation that he was not honest about. I did not marry him yet because of all the mess he has created financially.
In the meantime I still own my house that I had when i met him, and I have rented out to a family member.
My main question is, if we split up what will happen to the joint house that we bought together, that he transfered to me to avoid being sued? I am the sole registered owner now and he had legal advice when this was done. Will this hold up in court for me?
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</TD><TD width="100%"> </TD><TD vAlign=top noWrap>Join Date: Jan 2009
Posts: 6
</TD></TR></TBODY></TABLE><!-- / user info --></TD></TR><TR><TD class=alt1 id=td_post_19483><!-- message, attachments, sig --><!-- icon and title --> transfered title on house
<HR style="COLOR: #ffffff; BACKGROUND-COLOR: #ffffff" SIZE=1><!-- / icon and title --><!-- message -->I have been living CL with a man in BC for 4 yrs. now. We both owned our own homes. We became engaged and agreed that he would sell his house and move closer to me, as I had a 14 yr old in school .
We found a home that we agreed to purchase. He put a deposit down and we jointly signed documents to purchase. Our agreement was that he would supply downpayment from the sale of his home ($200,000) and we would both share equally in all expenses. Mort, food, utilities, taxes, etc, In return, I would contribute by way of purchasing a car, truck and new trailer, and pay for basement to be finished . My financial contribution was around (130,000).
The house was purchased and a mortgaged obtained as joint tenants.
After around 3 years, he began to have financial issues, Adult children wanting continued child suport for going to college, and he unknown to me had run out of money and had been living off of credit cards and cashing in all of his RSP's. He began to have creditors and his ex start threating to sue. I got scared and said that we maybe should split up, as it was clear that he was not good handling money and I was worried about protecting my son and I.
He did not want me to leave and offered to transfer the house over to my name only, to make me feel secure. and show his intent to protect me from getting financially hurt. We spoke to a lawyer and were told that this was OK as long as there was no litagation pending. There was not. So we proceeded. Things have excalated and he has had his wages garnished and is taking his ex. to court to have CS canselled because his children (20, and 23) will no longer talk to him because he ran out of money.
I am furious with him , because i feel he draged me and my son into a situation that he was not honest about. I did not marry him yet because of all the mess he has created financially.
In the meantime I still own my house that I had when i met him, and I have rented out to a family member.
My main question is, if we split up what will happen to the joint house that we bought together, that he transfered to me to avoid being sued? I am the sole registered owner now and he had legal advice when this was done. Will this hold up in court for me?
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