Legal Question in Real Estate Law in District of Columbia

Borrower vs Co-Borrower

I have a primary residence and three other invetment properties with a co borrower. I paid/paying for 99% of motgages and upkeep of the properties. The co-borrower is on both mortgage/deed. What is the fastest cheapest way to force/remove the co-borrower from all properrties?


Asked on 7/15/07, 5:03 am

4 Answers from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: Borrower vs Co-Borrower

Correction: The partition suit would have to be filed in the D.C. Superior Court(also neither fast nor cheap).

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Answered on 7/15/07, 7:52 am
Daniel Press Chung & Press, P.C.

Re: Borrower vs Co-Borrower

The easiest/cheapest way may well be to work out a deal to buy out the co-borrower's interest. If that does not work, you will have to sue to partition the properties (or more likely for sale in lieu of partition).

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Answered on 7/15/07, 8:12 am
Robert Strupp Robert J. Strupp,Attorney at Law, PLC

Re: Borrower vs Co-Borrower

The fastest solution is to buy the co-owner out. If not successful, a forced partiition or sale in lieu can be initiated. This requires litigation and is apt to be neither quick or inexpensive.

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Answered on 7/15/07, 9:59 am
Michael Hendrickson Law Office Michael E. Hendrickson

Re: Borrower vs Co-Borrower

Suit to partition properties in the local circuit court.(It will neither be fast nor cheap.)

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Answered on 7/15/07, 7:45 am


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