I just sold my house to a young couple who is engaged to be married in June of 2015. Until then, they will be shacking up together out of wedlock. But at the closing table, I saw that the mortgage was taken out in both people's names. What would happen if they were to have a fight then break the engagement prior to the wedding? Would they face foreclosure? Would either the guy or the girl get to stay in the house, or would they both have to sell it? Who would get the proceeds from the sale (if any)?
Read more: Could these people face foreclosure?
