Property sales

question

Posted by: | 2015/07/20 14:22

i am joint owner of a residential property, am i able to get my half of the equity out if it is sold?

My friend and i have parted ways and our residential property is bonded and in both names.

expert answer

Posted by: Carol Reynolds | 2015/07/20 18:04
Since the property is registered in both of your names, when you sell, you will both be paid out the proceeds in equal portions. First the bond will be settled and then the balance will be paid to both of you in equal amounts. Trust this clarifies. 

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