Legal Question in Real Estate Law in Florida
hi,
i am in the process of settling property issues that are jointly owned my ex-girlfriend and i.
i am trying to figure what is a fair split. there are 2 houses owned jointly (FL/NC).
house #1 FL $110k tax value cabin #2 NC $150 tax value
$90k mortage (of which $30k belongs to cabin) i owe my partner $35k on the construction cost
we have been together 12 yrs. - she broke up with me and does not want to sell NC property.
if i can afford it, i will keep the FL house and she will keep the cabin.
any help would be greatly appreciated!
1 Answer from Attorneys
It sounds like you have it all worked out - you keep FL and she keeps NC. If the mortgage is spread across both properties and is in both your names, you may have to work out a refinancing arrangement so neither of you is responsible for the other's mortgage debt.