california
Purchased a house in sept 1998, for 305K with girlfriend and her mother. I put half the down payment, her mother the other half. The third person pays $200 more a month on the mortgage. Nothing legal was drawn up on this agreement. Title is joint tenancy, with all 3 names.
House is now appraised between 470K-500K. Based of 2 legal appraisals.
I decided in Jan 2001 to disolve the partnership. I gave them a bottom line price of 60k to buy me out, of which I was not willing to negotiate further. They are in the process of refinancing,however they are not cooperating.
It is July now, I am meeting with them tomorrow, and based on a phone conversation this AM. The mother eluded to "making me an offer that I may refuse." What are my legal rights regarding this type of situation. Can I force them to sell?
They are living in the house currently, I moved out in March 2001.
I am very frustrated and not sure what steps to take next. |