Friday, August 20, 2010

If your selling a house under 2 names should the money go the both people or the guy who paid the mortgage?

please mention if you have any study's done in Real Estate or business.


if both persons worked and one of them always used the money for his/her own pleasure and never paid even a cent for the mortgage or other fees does this person deserve half of the money? just because their name is on it?If your selling a house under 2 names should the money go the both people or the guy who paid the mortgage?
As stated if two people hold the property jointly under tenants in common, then each party is legally entitled to half the value of the whole property, any type of side agreement for reimbursement to the other for paying for the essentials is completely separate agreement but the property can not be sold unless both parties to the title agree to the sale and how the proceeds are to be divvied





Your issue should have been discussed and an agreement signed of as toward payout before buying the property , at this point its after the fact the person is entitled to half the value and recourse most likely is then to sue in civil, but without a written agreement to the fact, an uphill battle at best to succeededIf your selling a house under 2 names should the money go the both people or the guy who paid the mortgage?
Simple. Deed has two people on it; they have to agree to sell, or you end up in court. Each is entitled to whatever they can negotiate as a price for their signature. Otherwise, it goes to a court for a partition order; and it can divide the proceeds any way it decides; but remember, lawyers will get as much as either party.
Yes they both split the money equally. If both names are on the house deed it belongs to each person equally.

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