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Shacking Up: Tips For Non-married Persons Buying a House Together in Texas
I am teaching a class tomorrow (Wednesday, Jan 7 ... noon) at the Keller Williams Lake Travis market center on working with non-married clients.  It is a panel discussion that includes a lender and an attorney.  We teach this class on an ongoing basis to non-married buyers.  Here are some things we think you and your clients should know:
Gay or straight, doesn't matter.  Two "non-married" persons purchasing a property together in Texas need to know a few things about owning that love shack (or investment shack).  Primarily, co-ownership does not necessarily convey the same rights as with a married couple.  Many of these rights should be specifically created at the time of purchase of the home or shortly thereafter with appropriate legal documents such as a will. 
This article is not intended to scare but it is scary how many non-married couples own property together without the appropriate legal documents in place to protect themselves in the case of death, disability or separation.  Lovely topic, we know.
Did you know that if you own property with your friend, steady, lover, partner, college roommate, whatever non-married person you like and he or she dies without the appropriate and challenge-proof legal documents ... more

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