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  1. #1
    Join Date
    Jan 2006
    Location
    California
    Posts
    2

    Default Unmarried couple terminating relationship/div of home equity

    What specific monetary contributions are considered when factoring who gets what percentage of the home equity?
    Down payments from each person? Who paid what towards mortgage? Who took the tax deductions? Who paid the utilities? etc I want to get my records in order for mediation or negotiation of the equity and this information will be helpful.

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Division of Equity

    Both parties are on the title?

    By way of settlement, you can agree to whatever you want. Absent a contract or a clear, provable understanding, there is a chance that a court would simply split the equity.

  3. #3
    Join Date
    Jan 2006
    Location
    California
    Posts
    2

    Default

    Yes both parties are on title ...a single man...a single woman

  4. #4
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Joint Property

    With joint property, there is normally a presumption of equal ownership. The party who is seeking a greater share, assuming they cant reach an agreement, would have to convince a court that equal ownership was not intended, and document the extent to which they should be favored in the division of the equity.

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