Community property


#1

I have a house that I bought before I was married.It was deeded to me only.The loan was in my name and my father co-signed. However the bank I was dealing with merged with another bank. All the paper work had to be signed again. At the second signing my father and me added my husband name to the loan simply to build his credit. Is this home still considered to be mine since it was originally purchased by myself before the marriage. My husbands name was never put on the deed.Thank you


#2

Yes, the home is still separate property, however there may be a martial portion in that your husband is entitled to any active increase in value on the home which occurred during the marriage. (principal reduction on the mortgage, or renovations which increased the equity)