Legal Question in Real Estate Law in New Hampshire

Wanting return on investment
3 years ago my Mom husband and I decided to buy a 2 family house. Mom had to best credit and we were told that it would be best to just have her on the mortgage. Now 3 years later my husband and I want to be added. Mom says no, its all hers. We have no right and are ''renting''. Husband has done all the yardwork, we paid for 1/2 of a new heating system, pay for 1/2 of the snow removal. We had no idea that Mom had changed her mind.
Husband and I want part of the profit.. Mom says no.

We put 15,000 down on the home, Mom put 60,000. Therefor husband and I put 20% of the total downpayment. So we want out 15k as well as 20% of the cash back at closing. Are we entitled? Had we know that she would change her mind and screw us I NEVER would've put any money into the house. I invested money with the understanding that I would get a return. I don't think its fair that she had decided to just change her mind.
Thank You

Asked on 10/28/03, 5:04 pm

Roy Weddleton Granite Law

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Re: Wanting return on investment

Your mother might be on the mortgage deed but what about the warranty deed? You probably have to bring a lawsuit for breach of contract.

Answered on 10/28/03, 5:08 pm

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