Unmarried Couple

Oregon, My partner and I are living together, but we are not married. We are thinking about not living together anymore. How is property and debit divided?

[HomeGuru]

Originally posted by blacksheep60
Oregon, My partner and I are living together, but we are not married. We are thinking about not living together anymore. How is property and debit divided?

**A: how would you want it divided? It meaning joint and common property?

[JETX]

"How is property and debit divided?"
Property and debt that is clearly yours, remains yours.
Property and debt that is clearly his, remains his.
Any OTHER property or debt is subject to negotiation as to ownership and possession.
Once the 'negoiations' are finalized, put it in writing and all parties sign and date.

Also, any 'negotiated debt obligation' that you do is NOT binding on the creditor, who can still pursue recovery against all parties to the debt.

Originally posted by HomeGuru
**A: how would you want it divided? It meaning joint and common property?

Most of my concern is joint. We bought house together and it has both names on it. A car has both name on it too and it has not paid off yet.
Also, if we do not come to agreement between us, what would be next step?

Originally posted by JETX
"How is property and debit divided?"
Property and debt that is clearly yours, remains yours.
Property and debt that is clearly his, remains his.
Any OTHER property or debt is subject to negotiation as to ownership and possession.
Once the 'negoiations' are finalized, put it in writing and all parties sign and date.

Also, any 'negotiated debt obligation' that you do is NOT binding on the creditor, who can still pursue recovery against all parties to the debt.

I can see "Property and debt that is clearly yours, remains yours.
Property and debt that is clearly his, remains his." No doubt about that.

My main concern is what is joint account property and debt, such as a house and a car. Neither one of them has not paid off, and what if we do not come close to agreement on negotiation, what should I do?

Is this a homosexual relationship?

If so, let's talk!!!

[JETX]

"My main concern is what is joint account property and debt, such as a house and a car. Neither one of them has not paid off, and what if we do not come close to agreement on negotiation, what should I do?"
*** This is a common problem when two people who are not legally related decide to co-mingle their finances and debts. Simply, you either HAVE to come to some type of mutual agreement, or a third party (usually a court) will do it for you. There are no 'property fairies' who can wave a magic wand and magically solve this problem.

Originally posted by JEXT
Is this a homosexual relationship?

If so, let's talk!!!

It is not homosexual relationship.

Ok, that's too bad worth the try though.

Did you keep receipts? How long did you live together? Did you shop at Wal*Mart?

Originally posted by JETX
"My main concern is what is joint account property and debt, such as a house and a car. Neither one of them has not paid off, and what if we do not come close to agreement on negotiation, what should I do?"
*** This is a common problem when two people who are not legally related decide to co-mingle their finances and debts. Simply, you either HAVE to come to some type of mutual agreement, or a third party (usually a court) will do it for you. There are no 'property fairies' who can wave a magic wand and magically solve this problem.

Another words, if we do not come to mutual agreement, I need to hire an attorney to protect myself? Is there any kind of article, or explanation of law I can read about?

Try episode 483 of People's Court or episdoe 79 of Judge Judy, that's a good start.

[JETX]

"Imitation is the sincerest form of flattery."
C C Colton.

Well, they say that the weak often try to imitate their masters, usually in an attempt to hide their own shortcomings. And it looks like another fan has taken to try to imitate me on the forum.

He is using the name JEXT.

Enjoy it while you can.... your time is short.

Originally posted by JETX
"Imitation is the sincerest form of flattery."
C C Colton.

Well, they say that the weak often try to imitate their masters, usually in an attempt to hide their own shortcomings. And it looks like another fan has taken to try to imitate me on the forum.

He is using the name JEXT.

Enjoy it while you can.... your time is short.

What is this mean? I don't understand. I am bit confused. Is this another internet teasing thing?

[JETX]

Nope, it is an 'imposter' using the name JEXT to try to confuse you into thinking his post is from me. He has already been kicked off the forum and we are in the process of deleting some of his posts.

[nextwife]

Honestly, wouldn't it just be easier to unload (sell) the car, eliminate the joint debt and divide anything that might be left? Instead of having an attorney fight for it? Then you each go out and buy a car yourselves.

As to the house, it can either be sold and any profits split, or one can refinance and buy out the other. Get a good appraisal to determine value. Do NOT expect to leave the current mortgage in place and have that be acceptable. The lender will continue to hold the other person equally responsible for the debt, even if they no longer own it. And it will inhibit their ability to buy another place for themselves.