Legal Question in Real Estate Law in Illinois

Re: common law purchase of personal residence

When two people buy a home together

in Illinois and they are not married,

the law that applies, if they split

up, is equitable in nature. One would

have to file a partition suit to divide their interest based upon the

amount of their financial investment.

This is a complicated process and a

lawyer should be retained to assist

in resolving the issues. Of course,

if one stops contributing to the

mortgage, both are still liable and

a foreclosure will follow, if the

monthly obligation is defaulted on.

This is when the aggrieved party begins the partition proceedings. I

will be happy to discuss this with you

further and in more detail.