Legal Question in Real Estate Law in Pennsylvania
selling your home
when a couple splits from their relationship and neither one of them wants the house that is not paid off yet do they get any of their 19,000 back that was put down for a down payment?
Asked on 5/01/09, 11:31 pm
1 Answer from Attorneys
Miriam Jacobson
Retired from practice of law
Re: selling your home
When you sell your home, first the mortgage[s] and judgments and other liens have to be paid off, as well as all transfer taxes in connection with the sale, unpaid real estate taxes and utility bills that could be a lien on the property, and all settlement costs.
Only after all of those are paid, then whatever is left as "sellers' proceeds" may be divided and paid to the owners.
There may or may not be enough left to recover the down payment and other money invested in the property.
Answered on 5/02/09, 11:43 am
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