How does a buy out work?

Question

If ex and I bought a house and I am leaving, he has agreed to stay in the house and get two roommates. In a year he wants to refianance and take my name of the mortgage and off the house. Doesn't he have to buy me out? We have lived in the house for eight months, neither of us had to come up with money to close. But if we were to sell it in a year (that way there will be equity built up) wouldn't I been entitled to half of the proceeds? I understand less what he had to pay, but he is also getting roommates to pay half as well.

I live in the State of Florida. House was purchased w/ Ex boyfriend on June 30, 2006.

Answer 1

ask a lawyer

Answer 2

Not quite sure on timing here. Did you two buy the house before or after you two were an item? If there was no type of written agreement between you two detailing a possible break up then you may be out of luck. You can try and sue him in small claims court but itll be your word against his unless you have documented proof. Technically, you are entitled to half, legally; no unless you have documentation to prove your claim. Sorry

Answer 3

first is ex husband or b/f? and what state are you in? and did you move out? or was there a court order for you to move out? All this would go in to answer your question. But even all that said, you could still make a case to get something back, but you would pay more to get it, then you would get. but you could make a deal to sign over your right to it for a fee.

Answer 4

Your leaving the gut of the question out.......need info on State,Married,Filed for Divorce,etc,etc,etc, sounds as if you two just agreed between yourselves? and that's good but people get screwed that way A LOT!!

Answer 5

he doesn't have to buy you out , but he has to go to the tittle co. to remove your name about $900.00 or so --you are better off getting what you want in writting-unless you don't want anything

Answer 6

if you have paid the deposit, fight for you money back