Q: I bought my home with a friend we are both legally the owners of the home. He does not live in this house anymore
I’m just looking for any further legal information that I could be aware of. So that he knows what’s in state for him and also for me of course.He has not paid the mortgage for about a year since he moved out he does not pay electric bills water bills or even any other home repairs that were needed. I have been doing that on my own I am not interested in moving. He clearly wants me to sell the home so that he could get some money out of it
A: You and your friend remain partners in this home. He may continue to participate in any appreciation in value along with you. You can terminate the partnership by buying him out. You may need to refinance to do this. Or you can sell the home and divide the proceeds in a way fair to both of you. If you and your friend cannot agree, either of you may file a partition lawsuit and ask the Judge to appoint a special commissioner to sell the home. The Judge will also decide how the sales proceeds are to be divided.
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