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Your boyfriend and you have split up after just buying a home in both names How is the money divided on the sale of the home?In: Real Estate |
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Answer
The details can vary based on the location and the history. The general principal is the two parties share equally in the risks and rewards based on their contributions. If one person put in all the money they should get all the money from the sale. If the money was split ( deposit, payments) then it would be normal to split the proceeds.
The best solution is to mutually agree how the proceeds will be handled. If the two parties can not reach an understanding then seek legal advice nad take the necessary steps protect your position.
First answer by Jehiatt. Last edit by JohnCorey. Contributor trust: 50 [recommend contributor]. Question popularity: 28 [recommend question]
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