Q: When we sell the condo, would I be able to get the 50% of the value of the condo that my mom agrees to for a long time?
My parents were divorced when I was 14. However, my dad came back in our life at one point. He offered to put down half the down payment for a purchase of a condo in my mom’s name in 2007 as a redemption and to help me through college. Both my mom and dad put down $140000 for a $305000 condo. My dad continues to pay for all the bills (mortgage, taxes, association fees, electricity, and etc) for the next few years. However, he got sick at one point and had to stop paying due to job loss. Therefore, I ended up taking over all the bills and mortgage payments. My mom told me that I should continue to pay for all the bills until the condo is pays off, then we will split 50/50 on it when we sell it. Hence, She added my name to the condo via a quit claim deed in 2012 with both names under joint survivorship. Fast forward to now, I’ve discovered my mom is a narcissist that will use anyone to their last penny. There is one more year until I pay off this condo. She threatens to kick me out.
A: If the condo was solely in your mother's name, and if the 2012 deed to which you refer was recorded in the Recorder's Office, then you are entitled to 50% of the net proceeds if it is sold. If the deed wasn't recorded or doesn't get recorded, you need to talk to a lawyer ASAP.
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