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Quiet Title, Partition Action or ??? How to get partner off title w/o sale of house.

Discussion in 'Joint Ownership' started by jane_1, Sep 25, 2011.

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  1. jane_1

    jane_1 Law Topic Starter New Member

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    Hi, thelaw.com users, thanks for taking the time to give this a look.

    Here's the situation: Joe and Jane buy the property 10 years ago. Joe chips in 3% of downpymt, Jane the rest. They are joint tenants. Purchase property 2002 for 280k + 80k for rehab. The 80k is deposited into Joe's account. Joe uses 30k of rehab $ to cover his living expenses without Jane realizing. 2003 3-plex is finished & rented. They get a 200k loan from Joe's dad (2004) to rehab SFD they plan to occupy. (2006) Joe is tired of both Jane and the project and he asks for what's left of the 200k (36k) to buy his own home. Joe leaves Jane with a house that has is still rough-framed, no siding (open to the elements) and no more money to complete the job. They have an agreement drawn up that Jane will continue the rehab the house/units on her own & eventually live in SFD, maintain the units & pay all the loans: Joe will be a silent partner. This doc is *not* signed, but mutually confirmed in many emails. Joe takes 50% of tax losses every year (2002-2010). 6 yrs later Jane has invested an additional $290k in the property; wants to "buyout" Joe or get the title herself.
    According to the accounting Jane doesn't owe Joe anything, Joe would actually owe Jane to get out of the property partnership.
    How does Jane get title without losing the house?
     
  2. army judge

    army judge Super Moderator

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    You need a lawyer.

    Even with a lawyer, you may not get what you desire.

    This is why people shouldn't buy property with strangers.

    This is one thing divorcing couples feud over.

    See a lawyer.

    See a couple or three lawyers.

    Good luck.
     

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