Legal Question in Real Estate Law in Pennsylvania

Joint personal Property dissolution

My fiancee and I purchased a house before we were to be married. We are no longer getting married; To remove her name from the title/deed of the house, she is demanding half the difference of appraised value, (original appraisal - current apprasial)/2.

We only owned the house 3 months before our engagement ended. I have lived in the house for the past 3 months after the engagement ended. Do i legally owe her that money?


Asked on 2/05/04, 8:58 pm

1 Answer from Attorneys
Gerald Hershenson Law Office of Gerald M. Hershenson

Re: Joint personal Property dissolution

The property can not be sold without her consent and she would be entitled to one half the equity. In addition there will have to be paidma two percent transfer tax (greater in some counties) on the one half interest transferred. The tax is due at the time the deed is filed.If you were married there would be no transfer tax. Suggest you seek legal counsel. If I can assist let me know. Gerald Hershenson 215-579-9390

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Answered on 2/05/04, 9:03 pm


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