Legal Question in Real Estate Law in Illinois
My friend broke off her engagement a year ago and moved out of the house they bought together, both names are on the mortgage and he still lives there. He also kept $10,000 of her parents money and then purchased a new car. As of today he won't refinance to ger her name off unless she pays for half of the closing costs. How does the law interpret this?
2 Answers from Attorneys
Thank you for your question. She is unfortunately an owner and cant really compel him to do anything. She could, however, potentially sue, or threaten to sue, him for the $10,000. That may get him to do something. Feel free to email me if you have any additional questions; [email protected]
Unfortunately, your friend is out of luck. Legally she is a co-owner and if ashe wants to be off the hook, the least costly way of doing so is to pay half the closing costs. Her parents may be able to sue him for the $10,000.
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