What is the first step to take in order to remove my name from a title to a home that my ex-boyfriend still resides in?

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What is the first step to take in order to remove my name from a title to a home that my ex-boyfriend still resides in?

I want to know how to approach a situation where I invested money in a home where I no longer live. My name is on the title but not on the loan. I no longer live in home. My ex-boyfriend is residing in the home. I would like some money back or the house to be sold so I dont have this attachment any more.

Asked on May 29, 2019 under Real Estate Law, Nevada

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 2 years ago | Contributor

You can:
1) See if your ex will buy your interest out for a murtually agreed upon price; if he will enter into an agreement to buy you out, when he pays, you can quitclaim your interest to him.
2) If he won't agree to pay you and it's not worth a lawsuit (see below) you can simply quitclaim it to him without payment--i.e. just give him your interest in or share of the house.
3) If you want to get some money out of the home and he won't buy you out, you can bring a kind of legal action (lawsuit) in county court traditionally called an action "for partition" to get a court order requiring that the home be sold and the proceeds of the sale (after paying costs of sale and paying off any mortgages, liens, etc.) be divided between the owners--i.e. between the people on the title. If your ex paid much more than you did for the home, the court might in the process given an adjustment or credit (i.e. more money) to compensate for that. If you want to explore this option, consult with a real estate attorney.


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