Deed of Trust

Question: If your name is put on the deed and trust can the other party put you out of the home in North Carolina?

Both you and your boyfriend purchase a home you are not on the loan just the Deed & trust in the state of North Carolina. Both names are on deed and trust.

Answer: Part of the answer depends on how your names are listed on the Deed. In North Carolina there are two ways to own property jointly with someone to whom you are not married: either as tenants in common or Joint Tenancy by the entirety.
The first means each of you own half of the house and could sell your "half" to anyone you like. Fairly rare in residential properties, especially if only one of you is on the loan.
the other, Joint Tenancy by the entirety is the same as if you were married at the time you bought the house - that is, each of you owns a "half" interest in the house, but that interest cannot be sold to a third party. Additionally, if one of you were to die, the other would automatically own the entire property without going through probate.
While that doesn't really answer your question, it sounds like you need to sit down with an attorney and your boyfriend and discuss whether you should be "bought out" and for how much, then you could sign a quit claim deed and be releaed from ownership and future liability, i.e. property taxes, water and sewer bills, etc.

-NC Realtor

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