Posted by DakDarie on February 11, 2006 at 12:24:20:
Very nice Rick Harmon, thanks.
I think you can write stories or articles
Haven’t you ever tried?
Posted by DakDarie on February 11, 2006 at 12:24:20:
Very nice Rick Harmon, thanks.
I think you can write stories or articles
Haven’t you ever tried?
ex-girlfriend - Posted by eddie
Posted by eddie on February 09, 2006 at 17:37:47:
My ex and I bought a house together. She is on the deed and the mortgage. In almost two years she hasn’t contributed a dime toward the mortgage. We broke up eight months ago and she moved across the country never to be heard from again. How do I get her off the deed and the mortgage without breaking my bank anymore?
Re: ex-girlfriend - Posted by colvegas
Posted by colvegas on February 09, 2006 at 17:57:39:
That is a tough situation. My suggestion is if she will grant or warranty deed you the title you will negotiate with her a proimssary note for any monies owed so you do not have to come out of pocket worst case if she wants money to deed it back to you…
YOu need to find out what she wants but with her not contributing any payments what does she think she is entitled to.?? I would get with a good R/E attorney in case this goes to litigation Iam not an attorney but it would be in your best interest to work out a equitable arrangement.
I actually may have some options for you if you like email at colvegas07@hotmail.com.
Re: ex-girlfriend - Posted by eddie
Posted by eddie on February 09, 2006 at 18:16:28:
She did contribute half of the down payment and half of the closing costs. She wants that money(that she borrowed from her parents) plus approx. $5000 more. Some people say I should give it to her. The lawyer I spoke to said she isn’t even entitled to a full return of her down payment.
Re: ex-girlfriend - Posted by River City
Posted by River City on February 10, 2006 at 06:51:11:
You could fight her and spend a lot more money doing just that. And, there are no guarantees that she would not win. She could argue that you contributed to her leaving, which she would probably do.
I would suggest refinancing the home in your name only, have her quit claim her portion of the title to just you, and give her the $5000…and be done with it. Do a clean cut.
OR…you could sell the home, give her $5000 to buy her out, and purchase another home in which she had no influence and get her totally out of your life.
Whatever you decide to do, good luck.
Re: ex-girlfriend - Posted by colvegas
Posted by colvegas on February 09, 2006 at 18:50:59:
Ok sounds like your attorney has it well in hand.
If she retains the equitable interest in the property that is her investment so I wonder that is what your attorney is alluding to. She is the co-mortgagor on the note and is on title and good learning experience for the forum on these title issues.
If she pushes to litigate I would have both of you vest the title and create a trust so that way your property is protected through this just a thought or if she does transfer title totally to her you can assign her a small benefical interest in the trust for doing so, abit creative but it makes for a clean title.
Good luck and if I can help feel free to call me at 702-400-7632.
The easy way or the hard way - Posted by Rick Harmon (CA)
Posted by Rick Harmon (CA) on February 10, 2006 at 12:43:26:
The legal route wought be very expensive, time consuming and stressful. The ultimate result (threat) might be a partition action whereby you duke it out and ultimately are forced by the court to sell property (usually at auction). Sounds hellish, doesn’t it?
Or, you could continue to negotiate with her. If she thinks that you’re willing to walk and let the property go to foreclosure, she might think differently about her downpayment and $5K plus her credit!
Or, if you aren’t in any hurry, just let sleeping dogs lay there, and file a quiet title action as to her interests after the statutory period has ran for Adverse Possession (check with your R E. attorney).
So, what WAS the big hurry, anyway?
Nice - Posted by DakDarie
Posted by DakDarie on February 11, 2006 at 12:26:40:
Rick Harmon,
Very nice overview, thanks.
I think you can write stories or articles
Haven’t you ever tried?