Division of the value of the house

Division of the value of the house

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Subject Author Date
Division of the value of the house shasha-0303 04-10-2007
My husband's and his parents' names are on a property that we all live
in but only the father's name is on the mortgage. My husband is paying
the mortgage. (my husband might need to take student loan out in the
future so therefore his name isn't on the mortgage) Can he get tax
deductions even though he isn't on the mortgage but he is on the
property? My second question is how will the value of the house
legally be divided when they sell the house? Is there a contract or
legal form that can protect my husband's contributions towards the
house?

Thanks for the replies.



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