OfflineIf an owner of a property is on the loan by themselves and they have someone else on the deed with them, when they sell is the person on the deed (not mortage loan) entitled to the money they profit after the sale?
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If an owner of a property is on the loan by themselves and they have someone else on the deed with them, when they sell is the person on the deed (not mortage loan) entitled to the money they profit after the sale?
It depends on how the deed is actually held. In general if joint tenants they would be entitled to equal distribution. If tenants in common the %s would be specified. This is a legal question and should be discussed with appropriate legal counsel. States could have laws affecting distribution. Relationship of the owners could affect distribution as well.
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