We own a home together in Florida, but we actually bought the home 3 years prior to getting married. But we are both owners on the home 50/50 listed as JWTROS and we both are on the mortgage and the deed. $60k was the down payment on the house. He put down the $60k. Now our house is worth about $40k more right now from when we bought it. He is telling me that since he put the most down ( the whole down payment) that I will only get half of what extra profit we make on the house ( the $40k ) not the entire $100k. But I have added renovations to this house and i contribute to paying the monthly mortgage. My question is am I entitled to completely the full equity amount in the house (the $100k) or am I only entitled to profit we make on it extra.
He was trying to get me to sign off on the quick deed... so that I can get nothing. He keeps trying to convince me that he is the main owner and he said he will push for me to get nothing. I wondering if it is even worth fighting this battle if in the end he will get the majority. What exactly am I as a homeowner entitled too? Is it half the equity which is around 100k or is it just half the profit we made on the home around 40k? Thanks
He was trying to get me to sign off on the quick deed... so that I can get nothing. He keeps trying to convince me that he is the main owner and he said he will push for me to get nothing. I wondering if it is even worth fighting this battle if in the end he will get the majority. What exactly am I as a homeowner entitled too? Is it half the equity which is around 100k or is it just half the profit we made on the home around 40k? Thanks
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