Legal Question in Civil Litigation in Massachusetts
can I file a petition to partition if I owe more than the house is worth
Asked on 9/10/10, 10:42 pm
1 Answer from Attorneys
Christopher Vaughn-Martel
Charles River Law Partners, LLC
Yes, you may. But you and your co-owners will need to allocate the remaining loan balance the same way you would allocate the proceeds of the sale, if any. If you would like some assistance in navigating this process, please do not hesitate to contact my office at 617-357-4898.
Answered on 9/16/10, 10:30 am