Legal Question in Real Estate Law in California

My wife bought a house with her ex boyfriend at 500k. She paid off her half right off the bat he did not. The housing market collapsed and now the house is worth half. If the house was sold would she get half of the value of the house? Or would the 250k the house sells for pay off the loan and she would have to recoup her half from him?


Asked on 5/06/14, 4:08 pm

2 Answers from Attorneys
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

Probably the latter, assuming the financing was conventional and there are no unusual terms or conditions in or surrounding the financing.

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Answered on 5/06/14, 8:38 pm
Anthony Roach Law Office of Anthony A. Roach

If there is nothing left, then there is nothing left to split. She would not be entitled to anything from him unless there was an agreement to the contrary.

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Answered on 5/07/14, 8:15 am


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