Dec. 17, 2007
Dear George: I'm in the midst of a divorce and buying a home. I can finance the home as either a primary or secondary residence. How can I avoid having my wife's name on the deed and how can I keep her from being responsible for
the loan?
Answer: The funds used for purchasing your home are likely community funds until the divorce is final. You can pursue a separate property agreement, but you should do that only after consultating with both divorce lawyers. The best way is to wait until the divorce is final; however, consult your lawyer.
Dear George: Is it possible to purchase real property anonymously in Texas?
Answer: No party to a real estate transaction can remain completely anonymous. However, you can purchase property through an individual acting as a blind trustee; the trustee, though, would have absolute control over your end of the transaction. This is not something you should do without consulting an attorney familiar with this type of transaction.
E-mail a question to ask George & Chuck or fax it to 713-978-6684. The answers to questions in this column do not contain legal advice. If you wish to obtain legal advice, you should consult your own attorney.
