I live in Montana, which is a common law state. Me and the the guy have been together for 8 years. We bought a house together 5 years ago. Originally he and his parents were on the mortgage and deed; two years ago we refinanced and my name was added to the motgage with his and his parents dropped from the mortgage, however the deed was not changed.
Now that I want to separate and he does not I need to know how I can get what is rightfully mine i.e. 1/2 of the equity in the house which I estimate at $30,000.
Is there a contract that can be drawn up stating that he must pay me (the amount agreeded upon after appraisal) with in a certain time frame like 12 months, regardless if he sells the home, refinances w/ a loan or just gets the money from his parents. I also would like his Mom to be a co-signer so that if he decides not to follow through I can guarantee the money will be paid to me within the agreed upon time frame.
Thank you for your help.
RCallison
Now that I want to separate and he does not I need to know how I can get what is rightfully mine i.e. 1/2 of the equity in the house which I estimate at $30,000.
Is there a contract that can be drawn up stating that he must pay me (the amount agreeded upon after appraisal) with in a certain time frame like 12 months, regardless if he sells the home, refinances w/ a loan or just gets the money from his parents. I also would like his Mom to be a co-signer so that if he decides not to follow through I can guarantee the money will be paid to me within the agreed upon time frame.
Thank you for your help.
RCallison