Legal Question in Real Estate Law in Florida
i bought a home with another person. both our names are on the deed as well as the mortgage. she is willing to sign a quit claim deed. i do not qualify to re-fi the house in my name only. is she signs the quit claim deed can i sell the house without having to give her half of the profit. she paid nothing down and has not contributed to the mortgage at all.
Asked on 10/25/09, 3:05 pm
1 Answer from Attorneys
Lesly Longa
Longa Law P.A.
If she signs over her ownership interest to you before you sell the house, then you will not have to share any profit from the sale. The only reason you'd have to share is if you have an agreement that she is signing over her interest in return for a share of the profit.
Answered on 10/30/09, 5:19 pm
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