Legal Question in Real Estate Law in Florida

Re: Land Ownership / Divorce

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If you discontinue payments, the land might be foreclosed upon by the lender if your former friend does not make up the difference. In order to do as you have suggested, both parties have to be in agreement, it cannot be a unilateral decision.

It is probably a good idea to sell the land since you no longer seem to be in agreement with each other on plans for this property. Frankly, in today's market, you might be lucky to recoup your investment without taking any loss. Neither party can sell the property without the agreement and cooperation of the other if both are on the deed.

If a major disagreement happens, one or the other can file a suit for partition and the court will try to resolve the dispute. Failing such, the property will be ordered sold with the proceeds distributed according to an order of the court.

Scott R. Jay, Esq.

Re: Land Ownership / Divorce

She can sell her interest to anyone who would buy it. If you stop paying any loan, that will create another set of problems. Get help please.