real estate

Me and my oldest friend bought a duplex income property in 1986. We decided to sell the profit is $70,000 each but I haven't seen my half yet . I am not on title, we both gave equal down and our parents and everyone is aware, he said he would give me the money but i am still waiting and don't know if to worry about a lawsuit.

Please advise and estimate fee (property in San diego county)

[HomeGuru]

<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by jelder:
Me and my oldest friend bought a duplex income property in 1986. We decided to sell the profit is $70,000 each but I haven't seen my half yet . I am not on title, we both gave equal down and our parents and everyone is aware, he said he would give me the money but i am still waiting and don't know if to worry about a lawsuit.

Please advise and estimate fee (property in San diego county)<HR></BLOCKQUOTE>

If you did not go through escrow or a closing attorney, you may have some serious problems. How was the property sold and closed? Did you sign a deed transfering ownership?

Yes the property went thru escrow in 1986 I do have the copy of the hud one.

By the way the property was never in my name. My friend sold had it listed escrow closed in june he assured me my half but it's not there.

You're going to have to sue him. I hope you can document every penny you put into the place so you can prove you should have a 50% equitable title. Get the suit going quickly before he spends your money.

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This is not legal advice and you are not my client. Double check everything with your own attorney and your state's laws.