Legal Question in Real Estate Law in New Jersey
House
When 2 people are on the mortage and deed, and only 1 person is paying the full amt of monies owed on the mortage and monthly utilities, what legal rights does that one person have, this is for a house in New Jersey?
Asked on 6/20/07, 10:41 am
1 Answer from Attorneys
Miriam Jacobson
Retired from practice of law
Re: House
It depends on their relationship and what they agreed on when they entered the transaction.
It would have been best to have a co-owners' agreement to start, so that interests and obligations would be clearly defined.
You should consult with a local real estate lawyer, who could review all of the documents relating to purchase and financing of the home and advise you of your options.
My NJ office is in Collingswood [Camden County].
Answered on 6/20/07, 11:05 am
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
