Legal Question in Real Estate Law in California
Legal rights of a co-signer
I purchased a new home with the equity from a home I sold. My boyfried co-signed for the new loan because I couldn't qualify by myself. He did not put any money down on the home (only co-signed). My question is: Is he entitled to any equity in the home? We have lived here for about 2 1/2 years and I would like to know what he is entitled to. We did not have any type of agreement before purchasing this home.
Asked on 3/19/00, 12:52 pm
1 Answer from Attorneys
Ken Koury
Kenneth P. Koury, Esq.
Re: Legal rights of a co-signer
No he is not entitled to equity. I hope you didnt put his name on the deed.
Answered on 3/25/00, 5:28 pm