I am on a deed with another person who I am not married to. I put in all of the money to buy the house. The verbal agreement was that the other party would live there while fixing it up and we would split the proceeds after expenses. Nothing was written down. Say I have put in $80,000 and she has put in $20,000. Say it has a market value of $150,000.
Now she is asserting half ownership
. She does not want to leave.
1. I can prove my expenses to the penny. Can that be used to establish a percentage of ownership, or are we legally equal owners?
2. Since she is living there rent free at this point, what can I do to either get payment or force a sale?
3. Does it matter who pays the taxes?
4. If there is an insurance
claim, does just the policy
holder get paid, or is it distributed somehow among the property owners?
2. [technicality alert] She signed with her maiden name, not her legal name at the time. Is that significant?