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#1
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own home w/ ex-boyfriendWhat is the name of your state? Texas. I own a home with an ex-boyfriend. It is for sale, he only is living in. Deciding how to split proceeds of the sale. He has been paying total mortgage payments. What monies am I entitled to other than the $ i put as downpayment? |
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#2
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Re: own home w/ ex-boyfriend[quote]Originally posted by pam baker [b]What is the name of your state? Texas. I own a home with an ex-boyfriend. It is for sale, he only is living in. Deciding how to split proceeds of the sale. He has been paying total mortgage payments. What monies am I entitled to other than the $ i put as downpayment? **A: what type of tenancy do you hold and is there any % of interest stated in the deed? |
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#3
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| Unless you have a written agreement outside of the standard mortgage and title documents, you get 50%. The fact that you haven’t been paying the mortgage is irrelevant as far as your legal rights are concerned. Your ex should have asked you to sign a quitclaim deed for a mutually agreeable buy out price when you moved out. How long has he been paying total mortgage payments? |
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#4
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| What happened to the writer? |
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#5
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| "What monies am I entitled to other than the $ i put as downpayment?" You are not entitled to the $ you put as downpayment. (assuming writer comes back) |
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#6
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| Quote:
Last edited by HomeGuru; 04-11-2003 at 10:26 AM. |
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#7
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#8
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#9
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| Writer, you have not answered the questions in my first post. |
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#10
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| Writer, to answer HomeGuru's original question: "**A: what type of tenancy do you hold and is there any % of interest stated in the deed?" you will need a copy of the deed (obtainable at your town hall or from your ex) and the mortgage documents (obtainable from the lender or from your ex) |
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#11
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| Quote:
no % of interest stated in deed |
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#12
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| The Erik is correct regarding the 50%. The other owner though would be legally entitled to offset expenses paid that would be your liabilty such as 1/2 of mortgage payments, real property taxes, insurance, repair and maintenance etc. You would be entitled to your share of market rent credit. |
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