Legal Question in Real Estate Law in Illinois

Home ownership

The woman I am living with and I are about to split up. We recently purchased a home. The home is listed in both names. She put up the down payment. How do we split the home?

Asked on 7/14/05, 10:01 am

1 Answer from Attorneys

Charles Dobra Charles Wm. Dobra, Ltd.
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Re: Home ownership

The one keeping the real property and paying for it typically receives a deed from the other. The real question, however, is how the person giving the deed relieves himself or herself of the mortgage obligation. This can be rectified by re-financing the property.

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Answered on 7/15/05, 3:41 pm

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