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  #1  
Old 02-03-2009, 07:44 PM
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Join Date: Feb 2009
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Whats in it for the both of us?


My former life partner and I purchased a house together in Arizona. We have paid exactly half for all that has been incurred as far as the mortgage, home owners insurance, home owners association etc... Both of our names are on the title, only hers is on the mortgage. Our relationship has disbanded on friendly terms and we both want to walk away with our fair entitlements. She has decided she wants to keep the house and I am moving out of state. I have also completed value enhancing projects on the house. I have estimated spending about $20,000 each on everything since moving in. What is fair to of me to ask for in exchange for a quitclaim deed?
_________________What is the name of your state (only U.S. law)?
  #2  
Old 02-03-2009, 07:53 PM
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Join Date: Feb 2007
Posts: 8,234
Depends what the house is worth. If there is no equity now, you're not due anything.
  #3  
Old 02-04-2009, 12:49 PM
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Join Date: May 2000
Location: Catatonic State
Posts: 75,781
Quote:
Originally Posted by roojenn View Post
My former life partner and I purchased a house together in Arizona. We have paid exactly half for all that has been incurred as far as the mortgage, home owners insurance, home owners association etc... Both of our names are on the title, only hers is on the mortgage. Our relationship has disbanded on friendly terms and we both want to walk away with our fair entitlements. She has decided she wants to keep the house and I am moving out of state. I have also completed value enhancing projects on the house. I have estimated spending about $20,000 each on everything since moving in. What is fair to of me to ask for in exchange for a quitclaim deed?
_________________What is the name of your state (only U.S. law)?
***A: what is the amount of the equity based on current market value?
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