Legal Question in Real Estate Law in Pennsylvania

co-investor dispute

I bought a house with a friend with the intention of fixing it up and selling it. The friend was going to stay in it to do the renovations. we are both on the mortgage note, I alone have paid on the $55,000 mortgage for the past year, I also took out a home equity to pay off my friends bills totally $10,000 in order for him to concentrate on the remodeling, I alone have been paying on this home equity loan of $20,000 for the past year, I alone have been paying the taxes and utilities for the past year. This ''friend'' has not paid a single cent towards the mortgage, home equity loan, taxes or utilities, and has been living in this house for over a year for free and has only only performed minor home improvements. I want this guy out of the house and off the mortgage. Is there anyway of getting rid of this leach? please help, I'm going broke!


Asked on 5/12/05, 12:05 pm

1 Answer from Attorneys
Mark Johns Mark Johns, Esquire

Re: co-investor dispute

You will need to file an action for partition and other ancillary claims. It may take some time but the sooner you start the sooner it will be finished. I offer free consultations.

Read more
Answered on 5/12/05, 12:11 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in Pennsylvania