Legal Question in Real Estate Law in California
Property Ownership
Hello, 2005 my husband and I went into business with our 3 friends. They provided the investment for 2 houses, and we did all the work. 2007 Summer, we all decided this was not working. My husband & I decided to buy them out by refinancing the loans in our name vs our friends names. Come to find out that when we tried to refinance, our name was not on the Title/Deed as we ALL thought it was. Once we told our friends this, they decided they didn't want us to buy them out anymore and haven't spoken to us since. I have a TON of paperwork such as a Business bank account, home insurance, LLC. etc...with all our names on it. Is there anything legally we can do about this? The only thing our name wasn't on was the Deed. As you can imagine this has ruined our 15 year family friendship. Any advice? We all live in California, but the 2 houses in question are in GA.
1 Answer from Attorneys
Re: Property Ownership
Answered already.