Legal Question in Real Estate Law in Florida
Real Estate
I am the primary and my brother is
the co-
borrower on an investment property
we
purchased in Florida in October of 07.
He
has had bad credit his entire life, so
we used
my credit rating and my cash for the
purchase and rehab of the house. I
am in for
over $30,000 into the house and
counting.
We were to sell or rent the house,
but he has
since moved in and will not help with
the
mortgage. I am left to pay mortgage,
taxes
and insurance while he lives there for
free.
How can I get him out of there, or
remove
him from the mortgage so that I can
sell the
property or rent it to help recoup
some of my
investment. I am out of state
(Illinois) and the
property is in Florida. What are my
options? Please help!
1 Answer from Attorneys
Re: Real Estate
Since he is an owner, you cannot have him evicted. If he refused to pay rent, you should seek a partition and sale of the premises by court order. You would also be entitled to a credit for all the expenses you are incurring. Good luck.