Macomb, MI asked in Real Estate Law for Michigan

Q: Bought a house with girlfriend, she put in $1000 and I put in $5000for down payment. She ended the relationship and want

Wants money from equity, what is she intiled to. She contributed to 1/3 off all bills

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2 Lawyer Answers
Thomas. R. Morris
Thomas. R. Morris
Answered
  • Dexter, MI
  • Licensed in Michigan

A: The law provides for an allocation of the equity in such a situatiin (assuming that you are both owers) but there's no apparent, clear answer. From the facts you gave, it seems like she should receive between 20% and 33% of the equity.

Thomas. R. Morris
Thomas. R. Morris
Answered
  • Dexter, MI
  • Licensed in Michigan

A: Correction: Between 17% (1/6) and one third.

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