What is a Partition and How Do I Know if I Have Equity?
Imagine the following situation: a couple gets engaged, but before the wedding, decides to buy a house to live in together, planning to live in the house before the marriage and after. Things go well for a time, but then the relationship falls apart and the engagement is off. Now the couple is left with the issue of what happens with the house. The answer lies with a petition to partition. At the outset, it is important to remember that if the marriage had gone through and the couples were divorcing instead of breaking off an engagement, the fate of the house would be decided by the Family Court in the divorce. Second, it is important to remember that any mortgages or other liens against…

















