Legal Question in Real Estate Law in New York
2 unmarried people buy home ,both names on deed, now splitting up who has ownership?
Asked on 8/30/12, 3:51 am
2 Answers from Attorneys
Yefim Rubinov
Yefim Rubinov Attorney at Law
Both are still owners. Either one must start a partition action or agree to a sale. Consult an attorney.
Answered on 8/30/12, 4:15 am
If both names are on the title, then both people own it. It doesn't matter if they're a couple or not. If one wants to buy the other out, then the selling party will need to deed out to the buying party.
For more information, please visit our website:
http://leonlaw.com
Also, please read our disclaimer:
http://leonlaw.com/disclaimer/
Answered on 8/30/12, 5:48 am