Legal Question in Real Estate Law in Massachusetts
On the Deed and not the mortgage
My fiance and I bought his parents house in which he owned a 1/3 of it already. My credit was bad so I was left off the mortgage but on the deed. He has since called off the wedding and we are selling the house? Am I entitled to 1/2 of the $ when we sell?
2 Answers from Attorneys
Re: On the Deed and not the mortgage
Why do you think you should be? It will depend upon the specific facts and circumstances. Did you agree to share all expenses, and have you paid more than your share? Did you pay anything towards the deposit?
There are alot of considerations which would go towards answering the question.
On the Deed and not the mortgage
The deed controls the ownership issue. AS to the distribution of the net gain, or other action to get what you believe is owed, you may be required to take legal action, such as an action for partition.
In the sale of the property, you cannot usually offset the normal and routine expenses. However, other factors can be taken into account to decide what your share is.
Since I do not have this information, I cannot assist you unless you contact me.
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