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Yes. If there are two owners listed on the deed the law assumes they each own a one-half interest unless it is otherwise stated clearly on the deed.

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Q: If two peoples name are on the deed of a house and sell it do they have to split the money?
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Related questions

If you have a house before you were married in nys does it get split in a divorce?

No, not unless you put your spouse on the deed.


If your name is the only name on a deed to your house will you get to keep your house in the divorce?

Not if the division of property requires it to be sold and split.


What are the consequences of putting your girlfriend on the deed?

If the relationship ends then you will either have to sell the house and split any profit or buy her out of the mortgage.


What to do if you still owe money a house your buying on contract for deed?

Take a loan from the bank...........


What should you give in a will?

what you should give in your will is the deed to your house or give them money or jewelry or your most gifted posetion


Does your name on the the deed mean you own the the house?

Not necessarily as you could have used the deed as security against a loan and the person lending you the money can take the house from you if you fail to meet the loan repayments. (They will usually hold the deed for you while you owe the money). Also it is best to check with the land registry to see who the government thinks owns the house. As in may countries deeds are being replaced by official property register databases.


What happens if your husband refinanced your home after separation and removed your name from the deed What do you do?

you dont pay bills for it and you have no house. i recomend saving money for a new house.


If you own a house with your spouse and are in the process of getting divorced and the house sold before the divorce do you still split the proceeds?

If both of you signed the deed to the house you are entitled to half. However if your spouse owned the house before you were married it belongs to him.


Who signs real estate papers for the sale of a house?

Any one with an interest in the property, the seller, signs the deed unless it is a unit deed in a condominium. In that case, the seller and buyer sign the deed. The buyer signs the purchase money mortgage.


Como se diz escritura de imovel em ingles?

Deed of the estate or, deed of the house (if it's a house)


What does life's rights mean on a house deed?

What does life rights mean on a deed.


When a house is sold and someone has a quitclaim who gets the funds?

The legal owner gets the proceeds. A quitclaim deed is a deed. The legal owner is determined by examining the most recent deeds that have been recorded. If a person owns a home and then conveys an interest to a partner by a quitclaim deed, the proceeds will be split 50/50 between the two owners if the property is sold.