Legal Question in Real Estate Law in North Carolina
I am a co-owner with ex-boyfriend on manufactured home in need of repairs. He does not pay for insurance or his half of mortgage, which is owner financed. I live on said property he left 7 years ago. I would like to buy him out; however the property does not have enough equity to qualify for a refinance. What are my options as far as buying him out or possibly selling it altogether. We do not talk to one another and the last message he left me was, "sooner or later I'm going to want my half of that house you're living in". Did I mention he also owes me $15,000 in back child support??
1 Answer from Attorneys
In your question you actually stated your options.
1. Refinance and get money to him...but this is not very likely.
2. Offer him some money to go away...perhaps by agreeing to forgive some child support
3. Sell the home and pay him half.
Remember if he owes you back child support there are enforcement mechanisms for you to collect that money.