Do You Need Legal Help With A Real Estate Issue?
Call attorney David Cox for a free consultation to discuss your real estate conflict at 763.575.7911.
Types Of Property Issues We Represent
Attorney Cox assists clients with many disputes, including:
- Boundary line issues — For new or existing property owners, we can help protect your property rights.
- Disclosure issues — After the sale or purchase of a home, we can help you understand and enforce the Minnesota Statute for disclosure requirements for undisclosed problems such as mold issues.
- Water rights — We can assist with rights involving wells and other water sources, water safety issues on your property or when someone else infringes on your property.
- Lakeshore property — We can represent you in these issues, including disputes among family members about ownership rights and keeping a cabin in the family.
- Marital liens — We can negotiate, review and assist with property issues arising during divorce.
We can also work on issues related to common interest communities such as condominium associations and retirement communities. We have represented either side of these disputes regarding approvals, exceptions and payment issues.
How Do Marital Liens Work?
When a couple divorces, often they have to decide what will happen to any jointly owned property such as a house, condominium or vacation property. One spouse may want to stay in the house while the other moves out. This creates a question of how the equity in the house will be divided. There are really two options:
- Pay now — If he or she can afford it, the spouse staying in the house can “buy out” the ownership interest or equity earned in the home of the other spouse.
- Pay later — If the spouse who is staying in the home cannot afford to pay out equity to the other spouse when the couple divorces, a marital lien may be written. This means that later, when the house is sold, a portion of the proceeds will go to the spouse who moved to account for his or her equity in the home.
To learn more about this and get answers to other property division questions, visit our FAQs page on property division.
Speak With An Experienced Attorney
If you have real estate legal questions, call Two Rivers Law P.A. for a free consultation. Our lawyer can discuss your options and how best to proceed in your case. Reach us in Elk River at 763.575.7911 or email us through our contact form to make your appointment.