Quitclaim Deed Questions?

I’m in this CRAZY situation and need some serious advice, so all knowledgeble responses are very appreciated.

Here’s the scoop. I own a home in my name and my name only. My boyfriend, who I live with wants a steak in 50% of the home by way of having me sign a quitclaim deed, he says. Now I bought the home when we were still renting together and told him he could stay there with me rent-free if he put in about 10K towards the downpayment and just helped out with the utility bills (which he agreed to) I was making all of the mortgage payments and he just paid utilities and took care of my dog for me while I was at work.

About 6 months ago, I got laid off from my job. I still have investments, but money has been tight and the boyfriend helped me out on making 2 of the mortgage payments this year, in addition to still paying the utilities.

I told him that he needs to pay for his share of the utilities, as well as half the mortgage for a few months until I find another job. He says that he has no problem doing this – in fact, he’s willing to do it forever. He just wants half of the value of the house in his name.

I still have a morgage on the house, so I told him if he wanted to do this – hed have to have half of the loan in his name too. He told me that he didn’t want to do this but that he would get a separate loan and use it to pay off half of mine. However, even though he wants a full 50% of the house in his name, he wants to deduct his down-payment money AND what he’s put in on the mortgage for two months (in other words, we’d each have 50% of the house in our name, but I’d have like 65% of the debt.

Does this sound legitimate on his part and from a legal perspective, are we going to have any problems if one of us ever wants to sell the house. Also, do you think that I’ll have problems refinancing since I don’t have a job? (I did just buy the home a year and a half ago, so I’m hoping that I may qualify for a streamline refinance and that hopefully they won’t verify my income.)

I’m scared and I don’t know what to do. He says that he needs to ‘move on’ if we don’t do this because he’s pissed that I don’t trust him since he paid a 2 months mortgage already and he keeps saying that it’s also not fair that he helped out with the down payment and now has to pay ‘rent’ too. So if I don’t do this, I may lose my home AND my boyfrined.

Thanks for the help guys.

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