Legal Question in Real Estate Law in California

Re: Business partners

Did you pay have of the down payment? Have paid for half of everything? Where's the property located? You may contact me.

Re: Business partners

Your position sounds reasonable. Are you also a co-owner on title? If so and have paid 50% of everything, it sounds like you have a claim.

If he will not paid your fair share, then you need to file a Partition lawsuit, which will force the sale of the house. In certain circumstances, you can also recover your attorneys' fees. If the place has increased in value more than $100,000 in the past few years, you need to be demanding more than $30,000. See an attorney for assistance.

Re: Business partners

You probably would have to file a partition action in the event that a settlement can not be reached. This would allow the property to be sold. Please contact me at 714 363 0220 in order to set up an appointment and review your documentation.

Re: Business partners

We have dealt with many similar issues, we are specialists in trusts and estates and you would not believe how often ownership rights problems come up.

How is title held? Do you have a written agreement? How were payments made? (proportionally, paid by one of you and reimbursed, etc.?) Do you have copies of important documents (loan agreement, cashed checks)?

We would be happy to assist you if you believe this matter is one in which you would prefer to retain counsel. We can be reached at 626-578-0708 or online at www.No-Probate.com.

Re: Business partners

It's not that simple, and simply being obligated on the loan does not automatically entitle you to one-half ownership. What was your agreement? Were you merely a co-signer? Who lived in the house? Who maintained the house? Who took the interest deduction on their taxes? Who paid the property taxes and insurance? Most importantly, whose name is on the title? You really need to get your paperwork together and see an attorney for an evaluation of your postion.

Re: Business partners

Assuming I know everything, you should be entitled to 1/2 of the equity.

Joel Selik

Attorney/Real Estate Broker

JOEL SELIK

Attorney at Law

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760-479-1515

702-243-1930

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