Legal Question in Real Estate Law in Florida

I own a house with someone. We both pd off each our half.This person planned to buy me out. And he even drew up the contract with the price we both agreed upon and I signed. Before any closing took place, he got in trouble with the law. And he told me he may have fines up to 17,000. So he doesn't have the $ instantly to give me. He got mad that I asked him more than once, when will I have my $. So he threatened that he's going to file Chapter 64 and take offers. Can he do this with me owning half this house-without my permission? What kind of rights do I have being half owner? And actually living there a lot longer than he ever did? He has since moved in. Because before he got in trouble the $ and closing was suppose to take place in days. Now he has a money issue. And I have an even bigger problem of getting my $ from him

Asked on 9/17/09, 12:14 am

Sarah Grosse Sarah Grosse, Esquire

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The HOA can file a lien, not a foreclocure. A co-owner can go into default on the loan, and a bank can file a foreclosure action.

Answered on 9/18/09, 3:29 am

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