If my girlfriend and I bought a house together but have now split up, how would the proceeds get split?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
If my girlfriend and I bought a house together but have now split up, how would the proceeds get split?
On the mortgage we are stated as 50/50 owners. After a couple years of owning the house we decided to split up. If she paid the bulk of the mortgage, yet I contributed much manual labor in terms of house upgrades, as well as towards other bills
for the house utilities, cable, etc.
Asked on June 10, 2016 under Real Estate Law, Pennsylvania
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 8 years ago | Contributor
If you are 50-50 owners, then the proceeds of the house, if any, will be distributed equally. First, you pay the costs of sale and pay off the mortgage (if it's not already been paid off); then the remaining equity is divided between you.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.