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Jason and Ken break up after five years of living together. Have a legal question? Talk to a Lawyer This guide will give readers a better understanding of the issues involved in purchasing or financing a home. Again, this guide is a solid overview of how to approach purchasing or financing property if you are a same-sex couple. Both have contributed equally to the mortgage payments over the years. They need to work this out in the beginning. Dan Rafter 28 January

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This link can help you to find a lawyer in your area who is familiar with LGBT legal issues.

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Housing & Mortgages for Gay & Lesbian Couples

Is the person who leaves still responsible for helping to pay the mortgage? Nobody considers this till it happens. If the relationship breaks up, the couple has to sell jointly or one person has to buy the other one out. He wants to sell the house that they jointly own, pay off the mortgage, and divide the assets. Married People When married people purchase a home, they are automatically made Joint Owners with the Right of Survivorship. Additionally, you may also want to draw up or change your will in the case of one partner passing away suddenly. If another name is added and that person isn't on the mortgage, the secured interest is diluted.

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Both have contributed equally to the mortgage payments over the years. Many states predicate their property statutes on marriage. The property can be dissolved and the proceeds distributed among the owners. But that kind of planning is crucial. If friends want to buy a house together, both people also have their credit pulled. Diane and Karen break up after owning their home for ten years. This is a special type of property ownership where two or more people have equal ownership of a property and also have the equal right to keep or dispose of the property.

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