Missouri  |  Real Estate Law

Legal Question

Asked on: 6/27/12, 2:43 pm

My partner and I purchased a home in October for $68,000.00 with his parents as co-signers. We have rehabbed the home under a construction loan totaling $250,000.00. I would like to be bought out of the home due to the escalated mortgage costs. The home is now worth $350K +... Can I ask for a new appraisal of the home and get 50% of its value?

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