What happens if you buy a house with someone and break up?
What happens if you buy a house with someone and break up?
You can either follow the legal procedures that apply in your state—typically this means the court will order the property to be sold, and the net proceeds (after paying mortgages, liens, and costs of sale) to be divided—or you can reach your own compromise settlement.
Can someone claim half my house?
If you and your partner bought your house or flat together it is likely that you will both be entitled to share in any money made from its sale. If your partner is not willing to leave the property, you may need to ask the court for an occupation order to ask them to leave.
What to do with a house when you split up?
Understanding how the home can be divided
- sell the home and both of you move out.
- arrange for one of you to buy the other out.
- keep the home and not change who owns it.
- transfer part of the value of the property from one partner to the other so your children have somewhere to live.
What happens if you break up with a mortgage?
After you’ve separated, it’s important to still keep repaying the mortgage on time, even if you’re still deciding what to do. A joint mortgage means you’re both liable for the mortgage until it has been completely paid off – regardless of whether you still live in the property.
How long should you be with someone before buying a house?
Women are slightly more hesitant than men, as they’d like to wait an extra two months before committing to buying with a partner. The same applies to renting, but when it comes to exchanging keys to their respective homes, both men and women tend to wait around 11 months.
Can I force my ex to sell the house?
If you and your ex own a home that is in both of your names, they cannot legally force you to sell the house. Your ex can try to force you out of the home, but they cannot legally. Until the divorce is finalised, you both have the right to remain in the home. Once you are officially divorced you may decide to sell.