Q: What are my rights to property if my name and my ex-boyfriends are on the deed but he is the only one on the mortgage
We are breaking up I asked him what he wanted to do about house he said it would be best to take my name off the deed I said not without negotiating a fair amount my lowest price was 21K seems more than reasonable to me especially when I know he has it in the bank.
A:
The two of you may want to hire an appraiser to determine the market value of the property.
If you are going to split the equity in half, you would be entitled to 50% of
The value of the property
Less
The outstanding mortgage
You may want to consult with a local real estate lawyer to ensure your rights are fully protected. If not, once you come up with an amount, demand a certified check from his bank. Sign the deed at the same time you receive the check.
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