M
mike0470
Guest
Split the escrow refund? *OPINIONS* please!
What is the name of your state? Texas
If two people split the mortgage payment for over a year, and the following year there is a refund from a surplus in escrow, should the refund be split even if the house is in the name of only one of them? This seems obvious to me, and I want everyone's opinion.
The situation: In a step towards a relationship, M moves into R's house in Aug 2001 and immediately both share the responsibility of all bills. In particular the house mortgage payment ($330) is split 50-50. The house is in R's name only. There is no written "rental" agreement as both M and R are in a long term relationship.
In Spring 2002 the mortgage payment goes up to about $450, and so both parties continue to split the payment. One year later, in Spring 2003, the mortgage payment is reduced back to a little over $300 and, in addition, $1200 is refunded from escrow, presumably from a miscalculation the previous year. But by this time, the relationship is over, yet M continued to live with R and pay half. R feels that the refund is entirely his, his logic being that he is the sole homeowner. M believes that he is entitled to $600 dollars, reasoning that he overpayed the escrow fund for that one year just as much as R did. Ethically speaking, what is the right thing to do in this circumstance? Should R have given half the refund? Since there was never any written rental agreement, there may not be any legal recourse. But I am looking for the ETHICAL answer.
What is the name of your state? Texas
If two people split the mortgage payment for over a year, and the following year there is a refund from a surplus in escrow, should the refund be split even if the house is in the name of only one of them? This seems obvious to me, and I want everyone's opinion.
The situation: In a step towards a relationship, M moves into R's house in Aug 2001 and immediately both share the responsibility of all bills. In particular the house mortgage payment ($330) is split 50-50. The house is in R's name only. There is no written "rental" agreement as both M and R are in a long term relationship.
In Spring 2002 the mortgage payment goes up to about $450, and so both parties continue to split the payment. One year later, in Spring 2003, the mortgage payment is reduced back to a little over $300 and, in addition, $1200 is refunded from escrow, presumably from a miscalculation the previous year. But by this time, the relationship is over, yet M continued to live with R and pay half. R feels that the refund is entirely his, his logic being that he is the sole homeowner. M believes that he is entitled to $600 dollars, reasoning that he overpayed the escrow fund for that one year just as much as R did. Ethically speaking, what is the right thing to do in this circumstance? Should R have given half the refund? Since there was never any written rental agreement, there may not be any legal recourse. But I am looking for the ETHICAL answer.
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