Legal Question in Real Estate Law in Missouri

My brother an I put money down on a property in carthage mo in 1994 because we were planning on starting a line construction company. He. An my other brother went !my back an opened it. It was 3acres with a house on it. He an his family have lived on it since then an he also ran a ?on it till 2005, his ex-wife was awarded the property in 2006 when they divorced. She made the last payment on it in 2014 and thinks I should just sign my name off without het even offering to as much as.to even offer me my 1500 I put down on it need to know if it is even worth taking her to court to get what I feel they owe more


Asked on 3/17/16, 9:07 am

1 Answer from Attorneys
Anthony Smith LawSmith

The following divorce court assigned your brother's interest in the property to her. Unless their use if the property has been adverse, you may still have a partnership interest in the property. The interest probably didn't change. You may be able to partition, IR dissolve the partnership. The property could be sold, and the remaining partners divide the proceeds based upon their partnership interest. Having your attorney describe this process I her, may cause her to choose to buy you out instead. You should consult directly with an attorney in the area, to get specifics advice as to your options. There isn't enough information here to give you advice. Trage ah the relevant documents and go see a real estate attorney in it area. Soon. If you do nothing, you may lose what interest you have in the property, if any remains.

Good luck

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Answered on 3/19/16, 7:28 pm


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