Location: New York
Submitted 12/16/11 09:33 PM

Q. I bought into my boyfriends house about 5 yrs. ago. The mortgage has both our names. We are selling the property & seperating. After the mortgage is paid, do we each get a check for the remainder splitting it?

 

Answer #1
Submitted 05/23/12 02:43 PM
Jackie Connelly-Fornuff Century 21 AA Lindenhurst NY (Long Island NY Real Estate Agent): Agent in Lindenhurst, NY Jackie Connelly-Fornuff Century 21 AA Lindenhurst NY (Long Island NY Real Estate Agent)
Agent
Lindenhurst, NY

Contact Me

A.

It depends if you both agreed to that or not. Whatever you agree to get it in writing and consult with a local attorney if it comes to that.
Sponsor

Disclaimer: ActiveRain does not evaluate or guarantee the accuracy of any Ask a Real Estate Professional responses. All questions and responses are provided by ActiveRain Real Estate Network community members. You agree that any use you make of such responses is at your own risk and that ActiveRain is not responsible for any losses resulting from your reliance on any Ask a Real Estate Professional responses. Ask a Real Estate Professional responses should never be used as a substitute for advice from a qualified professional. By submitting a question to Ask a Real Estate Professional, you acknowledge that ActiveRain is not responsible for any response you receive or do not receive, and you agree to hold ActiveRain harmless from any loss, harm, injury or damage resulting from or arising out of your submission of the question or your use of or reliance on any response thereto.