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Law Educator, Esq.
Law Educator, Esq., Attorney
Category: Legal
Satisfied Customers: 110431
Experience:  JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law
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My sister and I bought a house. We both put down $25000.each

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My sister and I bought a house. We both put down $25000.each and I financed the balance. She moved out before the first year was up. Now I want to sell the house and she says she deserves half of the proceeds. I disagree. She never paid anything but half of the first years taxes. She has not paid for up keep, taxes any thing. How would I figure out what her percent of the house should be when its sold?
Thank you for your question. I look forward to working with you to provide you the information you are seeking.

If she is listed as a joint tenant of the house on the deed, then legally she is entitled to 1/2 of the proceeds when the house sells, unless you had a written contract to the contrary. HOWEVER, that is not the end of the story either, since along with her right to 1/2 of the proceeds, she is also liable for contribution for her 1/2 share of all costs and expenses associated with the house, which includes her 1/2 share of the mortgage payments which you would offset from her 1/2 share of the proceeds from the house.

If she is not on the deed, then she is entitled only to a return of her $25,000 contribution for the house.

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