Legal Question in Real Estate Law in Mississippi
residental real estate
I own a house with an ex-boyfriend. I have moved out of the house. We have an offer from someone to purchase our home. Ex-boyfriend is telling me that because his mother has been making the house payments since I left that I am not entitled to any profit from the sell of the house. Is this true? The deed and loan are in my name and his.
Asked on 2/20/07, 8:56 am
1 Answer from Attorneys
Jan Butler
Jan R. Butler
Re: residental real estate
You are entitled to your one-half of the equity. His mother's payments were a gift if you didn't sign a contract for her to pay the note. The closing lawyer will cut you a check for your half and give you a break down of the money (an accounting).
Answered on 2/20/07, 9:27 am