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Dispute in Buying Out My Partner's Share of House

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  • 11-05-2008, 04:44 AM
    chopWood
    Dispute in Buying Out My Partner's Share of House
    My question involves real estate located in the State of: NH

    Eighteen years ago my partner and I put a down payment on a house totaling $62k. My investment was $12k and hers was $50k.

    Because of the inequity, I agreed to cover all the cost of home improvements and repairs until I had spent $38k of my own money.

    This eventually came to be, I put the additional $38k of my own money into an addition and a new roof.

    All other expenditures, as well as the mortgage, was split down the middle and the house was paid for in full.

    Now that I am purchasing the house from her, she argues that I owe her half the current value of the house PLUS another $19k. She claims I can only count half of the $38k that I put in as a contribution on my part.

    It looks to me like we have both invested the same amount, $50k, into the house.

    We each have lawyers and even they disagree on this seemingly trivial equity problem. Though one could argue there might be some interest owed on the larger down payment of hers, this has not been part of the issue.

    What say the experts?
  • 11-05-2008, 06:18 PM
    gigirle
    Re: Dispute in Buying Out My Partner's Share of House
    I would say your correct. You both put the same amount of money into it, plus you put a roof on to cover her interest.

    Why is she claiming she is entitled to half of the 38? Is it bc your portion was added during the time that you were living there and she's trying attempting to count that as half hers? Her half she got all on her own prior to you two being together?
  • 11-06-2008, 05:49 PM
    chopWood
    Re: Dispute in Buying Out My Partner's Share of House
    I can't explain why she believes she is owed an extra 19k. I have the letter that my lawyer wrote to her lawyer asking that very question. I am expecting a reply from her attorney in a couple of days. I will post both letters on this site at that time for scrutiny of any interested ExpertLaw forum member.
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