Answers by Rashid Bhuiyan

Not always a bad idea.. but just make sure you have good trust and faith with your friends. We have seen consumers make bad mistakes and loose friendships over it.. sometimes they walk away and you're left with paying the entire mortgage.. or they mess up their credit and it effects you on your next use of credit.

No you don't, not in NY at least! However, it might hurt your sale b/c when consumers come in to see your home, they look inside, outside & of course nearby! Buyers are savvier then before! I suggested taking a more aggressive approach when selling the home.

I have seen transactions where the split agreement and terms are pre-written with the purchase. If that isn't the case.. you can make an argument about the 50/50 if its entirely your down-payment.. if the relationship isn't strong and easy to coop, then you might have to get a lawyer and so will your ex-partner. Was it an LLC purchase? If so, it might follow the LLC rules of member's precent of ownership. I have done a few of these in the past. some went smoothly and others where relationship were destroyed.