Boyfriend and I bought home together. Now splitting. Need advice.

[TyCa]

The deed will say something like "TyCa and TheGuy, as tenants in common" (or whatever).

Ah. "As joint tenants."

 

[PayrollHRGuy]

He adamantly refuses to consider selling it.

Who is planning on living there? Since you were talking about paying the mortgage without him I assumed it was you.

 

[adjusterjack]

He adamantly refuses to consider selling it.

Unless he gets $10,000, right?

Google partition action. You might have to go to court and force the sale of the property. Talk to a lawyer and once you realize what that will cost, $10,000 might be a much cheaper solution.

 

[justalayman]

First, I suggest if this cannot be resolved relatively quickly, you take steps to convert the joint tenancy to a tenants in common style holding.

You also need to understand that as long as there is a cotenancy, each of you have an equal right of use of the property. You cannot exclude him without incurring a liability for half the rental value of the home owed to him.


If the payment of $10k to him would result in him relinquishing his ownership interest, I would surely start crunching the numbers. If this ended up in court (a partition action), it’s likely he would recover his down payment money given it is sourced from leveraging his car.

 

[LdiJ]

He adamantly refuses to consider selling it.

That doesn't make any sense. He is willing to sell his half of the house to you, why wouldn't he be willing to sell the house to a stranger?