What is the correct way to settle the sale of a home in both my name and my ex-boyfriends name?
Full Question:
I seperated from my boyfriend of 6 years. Both our names are on the title and mortgage. We are not married. Do I have legal rights to half of the proceeds if the home is sold? How is this determined, and what are my rights? Do I have to pay him half of what I collect from renters if he left me? What if we are both paying the mortgage? Is he considered to have abandoned the property?
04/18/2007 |
Category: Real Property ยป Sales |
State: Arizona |
#3173
Answer:
Generally, when property is sold, the co-tents share the proceeds equally. However, other considerations may apply.