 Should I buy now or wait a few months ? I hear the housing market will drop next year.? |
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 Can someone on housing benefits have a lodger? |
Is this legal and is there anyway around it?
Any info you have would be useful!
Thanks in advance!
Additional Details
Well its not being advertised on here, it was just a ... |
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http://www.cnn.com/2007/
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 Should I accept 2 Checks every month from a tenant instead of 1 check? |
Hello,
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 My mother wants to put me on the title her home because she intends for me to own it one day.? |
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Bgirlstylebythemile | I put my boyfriends name on the deed to my house...? |
I put him down for 20% and me down for 80% since I bought the house. However now we are going our seperate ways and the house has sold. The closing date is not until May 30th. Does anyone know where the money goes after everything has been cleared? Would they divide up 80% to me and 20% to him or are they going to just put it in our joint account and let us split it? ADVIVCE: NEVER EVER PUT SOMEONE'S NAME ON THE DEED UNLESS THEY PAID FOR SOME OF IT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!...
Additional Details
The deed says my name then it says "80/100 of the dividend interest..."
then it says his name and "20/100 of the dividend interest."
He is the father of my child he is a good guy just not good for me. I dont appreciate the name calling, I came here to get answers. My question was how will the money be given out? In a check, will they wire it to our joint bank account or do they divide it one check for each of us. Im not trying to sue him and he isn't going to steal money from me so I dont need an attorney. |
 |
 
bull_rooster_aardvark
 |
I'm not sure about this arrangement but if you were equal partners, the proceeds would be split 50/50 (unless you had some other agreement) if you told them to split it that way, so I assume it will be split 80/20 with 80% going to you - again be sure to tell the closing attorney to split it that way (so you don't get one check made out to you both, or something). It would not be a bad idea to check into this with an attorney, just to make sure you won't be hit with some curveball at the closing (but it will also cost you $100 or whatever - still probably worth it). If you don't want to check with an attorney at least call the closing agent and ask them how they are planning to split the proceeds, they are the ones cutting the checks so they should know this (and if they ask you what you think they should do, just tell them you assumed it would be 80 /20 split).
Also, if you are on really good terms with your former BF you could even ask him to let you have the whole thing. I doubt he'd do it, but its worth asking if this is at all likely.
One more thing, its possible to force a sale if he didn't agree to whatever arrangement you made, but thats alot of work. Since you are not now forcing a sale, he will have to sign for whatever the closing attorney does so if you got to the closing table and he demanded 30% or he wouldn't sign then this could kill the deal (and you'd have to then go and force a sale through the courts). Doesn't sound like this is a concern but if you two were on really bad terms he could do this.
Best luck. |
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Fred T
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u r not very smart |
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R T
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They probably would make a check out to the both of you. You had better consult an attorney. |
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biogirl
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Get a lawyer. Quick. |
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jag2618
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get a lawyer quick
never put anyones name in the deed
if i were you i would of just put my name especially since you arn't married, i suppose.
get a lawyer quick. |
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John A
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We all make mistakes. Do not compound yours by not getting a lawyer immediately. |
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Jackie S
 |
Based on how the deed is worded, we would be required to give you 80% of the proceeds, and give him 20% of the proceeds of the house. If the title company you close at, gives you 1 check, made payable to both of you, I would just type up an agreement stating that you are to receive 80%, and he 20%. Make him sign it, and don't agree to endorse the check until he does so. I don't think it will come to that though, as I said before, I think the title company will split the proceeds 80/20, based on how the deed is worded. Good luck! |
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Wounded Duck
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A fool and their money are soon parted. Only 1 check will be issued. You MUST divide it by law or face a lawsuit. |
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RedPersianKitty
 |
You did WHAT????????? |
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TeCh N9ne
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i think its gonna be a 80% yours 20% his. basically whatever you walking in with to the marrige or commitment thats how you leave.
o and why would you put him on the deed if his only your BF? thats pretty stupid. |
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estielmo
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Your deed actually says" "Girl owns 80%, Boy owns 20%?" Get a lawyer to check this out. |
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MJ
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you are giving your stupid boyfriend your house 1st of all wat if u break up, he is not worth anything he could live on the street for all i care. |
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