Unfortunately, we are seeing more real estate divorce cases than ever before as non-married couples buy a home together, then split up. If they were married, this would be part of a divorce settlement. These are called “partition” actions. A partition action is a request for the court to order a sale of the property and division of the sales proceeds, with appropriate credits for improvements, deposits, mortgage payments, taxes, etc., to one of the parties. If you buy a property together and are no married, consult with an attorney and make sure the transaction is structured properly should there be a breakup later.
Mitch
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