Expert, localized Los Angeles answers provided by Heather Roy

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Owns with Boyfriend

  i own a home with my boy friend , but we will be seperateing soon and i need to know what kind of options i have. he does not want to sell the house and i want to get some type of money out of it before i leave please let me know what i can do.
 
  You have the legal right to force a sale ("partition").  Talk with a lawyer.  It would involve some legal expense, and unless you have quite a bit of equity (market value less the mortgage debt) you might not come out with anything, but it could be a way to get out of liability for the mortgage.  And perhaps a letter from your lawyer pointing out the possibility would be enough to change your friend's mind.
    Edith
Originally published on December 12, 2007
 
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