buyout

[hjam]

My girlfiend and I bought a house two years ago. We are ending the relationship now. She wants to keep the house and take my name off the lease. I informed her that we either sell the house jointly or she can pay me the split of the profit. We live in Md. Are there any other options?

 

[HomeGuru]

My girlfiend and I bought a house two years ago. We are ending the relationship now. She wants to keep the house and take my name off the lease. I informed her that we either sell the house jointly or she can pay me the split of the profit. We live in Md. Are there any other options?

My response: either sell the property or have her buy you out.
What lease?

 

[hjam]

no lease

There is no lease. My mistake. Just mortgage. Also, is there any time limit on when she can pay in full. Is that something resolved mutually or is there a legal issue with this? Thank you for your earlier response.

 

[HomeGuru]

The time limit is negotiated. Good luck.