What is the name of your state (only U.S. law)? NJ
Hello! I lived with my ex for 13 years, and moved out 10 years ago. During our relationship, he paid the majority of bills because he made much more than me, and also supported me through school (although I paid for school). My contributions to the household (financially speaking) were things like buying food, things for the home, etc, as well as bills that were mine alone (like my car payment, insurance, etc). Because of all that and also guilt about leaving, I left with nothing more than the clothes on my back and have never asked him for anything.
2 years before I left we bought a vacation condo. Because he had just started his own business, he was denied a mortgage under his name alone, so I had to put my name on the mortgage, and it is also on the deed. Even now in this economy, the condo has almost tripled in value since we bought it. My ex alone has paid the mortgage (I bought all the furniture for it, which he still has and uses). Recently, he came to me and asked me to take my name off it. I was going to, but in talking to people they told me I shouldn't, that because he tripled his investment due to my signing for the condo (and I did carry the risk of him defaulting on my credit all these years, although he has always paid on time) that I am entitled to some of the appreciation should he ever sell and that I would be foolish to sign away my rights to it. What is the right thing to do?
Thanks for reading, I tried to condense as much as possible!
Hello! I lived with my ex for 13 years, and moved out 10 years ago. During our relationship, he paid the majority of bills because he made much more than me, and also supported me through school (although I paid for school). My contributions to the household (financially speaking) were things like buying food, things for the home, etc, as well as bills that were mine alone (like my car payment, insurance, etc). Because of all that and also guilt about leaving, I left with nothing more than the clothes on my back and have never asked him for anything.
2 years before I left we bought a vacation condo. Because he had just started his own business, he was denied a mortgage under his name alone, so I had to put my name on the mortgage, and it is also on the deed. Even now in this economy, the condo has almost tripled in value since we bought it. My ex alone has paid the mortgage (I bought all the furniture for it, which he still has and uses). Recently, he came to me and asked me to take my name off it. I was going to, but in talking to people they told me I shouldn't, that because he tripled his investment due to my signing for the condo (and I did carry the risk of him defaulting on my credit all these years, although he has always paid on time) that I am entitled to some of the appreciation should he ever sell and that I would be foolish to sign away my rights to it. What is the right thing to do?
Thanks for reading, I tried to condense as much as possible!