Home     Law Advice     Insurance Advice     Community    
Go Back   FreeAdvice Legal Forum > REAL ESTATE LAW > Other Real Estate Law Questions

Powered by Attorney Pages


  Find An Attorney In Your Area    
 

Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1  
Old 11-15-2008, 05:04 PM
Junior Member
 
Join Date: Nov 2008
Posts: 1

Need Advice on the Joint Owner Situation


What is the name of your state (only U.S. law)? Calilfornia.

Here is the history:

My ex-girlfriend and I bought a condo together while we were dating. After the break-up (8 month later), she chose to vacate the house and left me with the mortgage payment. During the escrow, I have put down about 15k for the down payment but my ex did not contribute. Her grandmother was our real estate agent. When the escrow closed, she gave us all of the commission she received to both of us, which was about 11K. During the break, we finally resolved our issue regarding the 11k and split the money. While she was with me, we paid right down to the middle of bills and mortgages. When she left, she refused to pay her half of the mortgage and left me by myself looking for roommates. I kept making the payment up and til now ( almost 2yrs from break up), but my ex and I didn't have the money we have been putting off making a property taxes.

Current Situation:

Since our property tax is connected to the melo roose, we recently paid what the minimum they require so we don't foreclose our house ($800). Again recently the unpaid property tax caught up with us. I advised the ex to pay her half, and she refuse to pay because she doesn't have the money. I have just enough to cover the past due (8K) but we have 2008-2009 tax due again in Dec (3.5K). Now my ex wants to sign a quick deed over to me, but I know i cannot pay the property tax all by myself not to mention the mortgage and the bills at the same time. I decline her regarding the quick deed and told her that only way she gets her name off is to sell the house. She refused to sell the house. Her grandmother advise me to keep putting the property tax off so the mortgage company can help us pay for the property tax and get monthly payment plan instead of paying it off.

Also not to mention my mortgage rate will reset in 2010 and i know i will not be able to afford once it resets. I have only paid the minimum mortgage payment up until now.

My question:

-What is the best legal situation I can go from here? I know I'll take a loss but I feel taking a current loss is better than take a chance and get a bigger loss later.
-Is there a way where i can take a less loss then my ex because of the all of the payments I have made without her and also the down payment I put down for the
Condo?
-Any other legal advices other than telling me I shouldn't have bought a house together?
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

All times are GMT -5. The time now is 04:47 PM.



IMPORTANT NOTICE
THE VIEWS EXPRESSED ON THIS PAGE WERE NOT REVIEWED BY THE EDITORIAL STAFF OR ATTORNEYS AT FREEADVICE.COM. Thousands of professionally prepared and reviewed questions and answers in 130 legal categories are to be found at the Question and Answer pages at FreeAdvice.com.

F
reeAdvice Forums are intended to enable consumers to benefit from the experience of other consumers who have faced similar legal issues. FreeAdvice does NOT vouch for or warrant the accuracy, completeness or usefulness of any posting or the qualifications of any person responding. Use of the Forums is subject to our Terms and Conditions which prohibit advertisements, solicitations or other commercial messages, or false, defamatory, abusive, vulgar, or harassing messages, and subject violators to a fee for each improper posting. All postings reflect the views of the author but become the property of FreeAdvice. Information on FreeAdvice or a Forum should not be relied upon and is not a substitute for advice from an attorney licensed in your jurisdiction who you have retained to represent you. To locate an attorney visit AttorneyPages.com. Copyright since 1995 by Advice Company. All Rights Reserved.