Home arrow Mortgage Forums arrow Announcements Feedback and Our Pub arrow

own a home w/ co owner, want to sell

Author Message
Icon Mini Profile sickonze





Joined: 29 Mar 2011

Posts: 1

1.00 Dollars($)
Post Posted: Tue Mar 29, 2011 11:10 am    Post subject: own a home w/ co owner, want to sell
Like 0
Dislike 0

My husband and I purchased a home with his best friend.
We put down the cash amount of half of the purchase price. The friend agreed to match that amount (not in writing unfortunately ) by making improvements to the home. friend aquired a girlfriend w/ 2 children. we already have 3 children. we now have 9 people living here. i just want to sell the house and be on my way. what if the friend doesn't want to sell?what are my legal options?
Icon Mini Profile adonis
adonis




Joined: 22 Oct 2005



Posts: 10574
Location: ALASKA
1090.82 Dollars($)
Post Posted: Tue Mar 29, 2011 8:18 pm    Post subject:
Like 0
Dislike 0

Welcome sickonze,

You can sell off your share of the property to the friend. You should ask your husband's friend to buy you out. This will help you in getting rid of the property and you'll be able buy a new property of your own.

_________________
Procrastination is the enemy of your financial success
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights

Bookmark this page

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators

     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools

Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (252)











We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.054 seconds.