Legal Question in Real Estate Law in Illinois
I have been with a man for 32 plus years, but never married. We have 3 children, with one left in college and have a home together. Our relationship is ending and I don't know what my options are regarding the home which is titled in both our names. The mortgage was a 15 yr mortgage and we are into the 8th year on that. Please advise me on some options so I know where to begin.
Asked on 9/02/09, 11:51 am
2 Answers from Attorneys
Joseph Michelotti
Michelotti & Associates, Ltd.
either you buy him out, he buys you out or you partition the property in court.
Answered on 9/07/09, 12:13 pm
Another alternative is to sell the house and divide the proceeds. You may want to post this in family law, also.
Answered on 9/07/09, 12:52 pm