State= Virginia
My father bought a fixer upper house here where I live about 6 months ago. I did not add my name to the title because I am going though child custody battle and I have tremendous amount of debt from being unemployed for a year and half and the child custody court lawyers. I have about $20k worth of credit card debt. I also would like to be able to get a first time home buyers loan when I buy a house. I am responsible for the house, which will be rented, but I am faced with lots of challenges with getting things for the house because my name is not on the title.
What would be the pros and cons of adding my name on the title? I am paying back my credit card bills, but if something should happen one day, I worry that they might come after the "assets" of the house. I have EXCELLENT credit though.
I am now trying to get gas to be turned on in the house since winter is coming soon, and they say I can only get gas turned on if I am a renter or the owner. I am neither, and we want to rent the house soon, like this month or next month. If I write up something that I am a renter, then it will say that I live there, which I do not and I do not pay rent there.
Would a power of attorney be a better thing to do? Would that work to allow me to be able to "manage" the affairs of the house?
My father bought a fixer upper house here where I live about 6 months ago. I did not add my name to the title because I am going though child custody battle and I have tremendous amount of debt from being unemployed for a year and half and the child custody court lawyers. I have about $20k worth of credit card debt. I also would like to be able to get a first time home buyers loan when I buy a house. I am responsible for the house, which will be rented, but I am faced with lots of challenges with getting things for the house because my name is not on the title.
What would be the pros and cons of adding my name on the title? I am paying back my credit card bills, but if something should happen one day, I worry that they might come after the "assets" of the house. I have EXCELLENT credit though.
I am now trying to get gas to be turned on in the house since winter is coming soon, and they say I can only get gas turned on if I am a renter or the owner. I am neither, and we want to rent the house soon, like this month or next month. If I write up something that I am a renter, then it will say that I live there, which I do not and I do not pay rent there.
Would a power of attorney be a better thing to do? Would that work to allow me to be able to "manage" the affairs of the house?