Legal Question in Real Estate Law in Virginia

I am on a house deed with a girlfriend. The house cost 427 K. We owe 116 K. She pays one K a month and i pay 500$, over the past 11 years. She has paid the mort down 90%. She has offered to by me out w/an offer of 25K. I think i'm entitled to 54K (the amt. i've actually pd. in mort. payments) plus some equity. Her appraisal was 575K, Mine was 625K What do you think


Asked on 10/03/10, 3:52 am

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

So, ask her for 54K + 25% of 150K(assuming that there is at least this amount of shared equity) in order to buy out your interest in this property.

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Answered on 10/09/10, 10:33 am


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