Legal Question in Real Estate Law in California

Formula for division of equity

Is there a formula available to determine what percent of the equity a co-owner of a house should get when being bought out by the other co-owner? The buyout is the result of ending a relationship, not a marriage. Both names were on the mortgage. One person paid 2/3 of the monthly mortgage payment,as well as the down payment, the other paid 1/3. The house has been appraised, and has increased in value from the purchase price.

Thank you.


Asked on 10/31/04, 6:00 pm

1 Answer from Attorneys
Ken Koenen Koenen & Tokunaga, P.C.

Re: Formula for division of equity

There really is no "formula."

Read more
Answered on 11/01/04, 3:19 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in California