Legal Question in Real Estate Law in Massachusetts

Home Equity

After two unmarried people sell a home how is the equity split? I bought and sold a home with a girlfriend when I was very young and naive. I waited three years before purchasing my next home but I found out my ex bought a house the same week we sold. Can she use all of the equity from the previous home for this new purchase without my knowledge or consent?


Asked on 10/17/06, 3:55 pm

3 Answers from Attorneys
henry lebensbaum Law Offices of Henry Lebensbaum (978-749-3606)

Re: Home Equity

I am confused.

When you sold the house, how were the proceeds split?

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Answered on 10/17/06, 4:33 pm
Joseph Murray Joseph M. Murray, Esq.

Re: Home Equity

Retain an attorney to advise about this. good Luck!

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Answered on 10/17/06, 4:38 pm
Peter Dempsey Peter M. Dempsey, Attorney At Law

Re: Home Equity

Your question depends upon the intent of the parties. Usually there is a difference in the down payment and/or mortgage contributions. Did the party making the superior contribution intend to make a gift or was there an expectation that ownership would be based upon the percentage paid in e.g. 70/30, 60/40 etc. If the deed specifies an ownership as anything other than 50/50, then the deed may control the division of the assets.

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Answered on 10/17/06, 5:55 pm


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