K
Kupback
Guest
What is the name of your state? Pennsylvania
My husband owns a vacation property with 3 other people(brother, ex sister in law and her sister)....about 8 years ago he had contacted one of the owners (who was always the one to handle the financial ends) to tell him that he no longer had any interest in the property and that he (my husband) would like to be bought out. For the past 8 years my husband has not paid into the home. He recently received a phone call from one of the other owners stating they they would like for my husband to sign a quitclaim deed so that they could refinance the home. My husband had just read up on what a quitclaim deed was and he is a bit bothered as he did make an initial investment in the property. My husband had paid his portion of the mortgage and expenses for the first 8 years - the past 8 years he had not. Before my husband signs a quitclaim deed, is he entitled to any financial reimbursement?
Thanks
My husband owns a vacation property with 3 other people(brother, ex sister in law and her sister)....about 8 years ago he had contacted one of the owners (who was always the one to handle the financial ends) to tell him that he no longer had any interest in the property and that he (my husband) would like to be bought out. For the past 8 years my husband has not paid into the home. He recently received a phone call from one of the other owners stating they they would like for my husband to sign a quitclaim deed so that they could refinance the home. My husband had just read up on what a quitclaim deed was and he is a bit bothered as he did make an initial investment in the property. My husband had paid his portion of the mortgage and expenses for the first 8 years - the past 8 years he had not. Before my husband signs a quitclaim deed, is he entitled to any financial reimbursement?
Thanks