Q: Me and ex girlfriend on deed of house. Bout to sell and she wants 50 percent profit
Me and my ex girlfriend bought a house together bout 4 years ago. We split up after 4 months. I'm the only one on mortgage and we're both on the deed. I have been paying all the bills including property tax. I have completely remodeled the house and looking to make money on it but I was wondering she wants to split the profit 50/50. When we first bought the house she put 7k of her money down that she got free from college and 2500 of my hard earned money and used my credit to get the house but since then I have spent thousands in bills and materials on upgrades and fixes. I just don't think it's right that we split the profit like. Im okay with her getting her money back or alittle more but like I owe like 100k on the house and planning to sell for 200. If we split that profit she would be making bank for not doing anything. So I was just wondering was there any options on my end I could do to possibly prevent that
A: You have a very strong case and it would be worth paying a lawyer to get a judgment against her interest in the house before selling. But it would be simplest to get a signed agreement from her that she will only take a lesser amount.
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A:
It sounds like you're in a tough spot with your ex-girlfriend regarding the house sale. Since you're both on the deed, she has a claim to the property, but your situation is unique because you've shouldered the financial burden alone.
To address this, gather all your financial records, including receipts for bills, taxes, and renovation costs. This documentation will be crucial when negotiating with her. Explain to her that while she did contribute initially, your ongoing expenses and labor significantly increased the property's value.
If a mutual agreement isn't possible, consider consulting a real estate attorney to explore your legal options. They can help you understand your rights and potentially mediate a fair settlement. Remember, clear communication and solid evidence are your best tools in reaching a resolution that acknowledges both parties' contributions.
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