tenants in common family dispute

[bdorganok]

What is the name of your state?Oklahoma
2 brothers & I inherited a home from grandma; deeded as Tenants in Common. We agreed to a new roof; as it needed one BAD. Bro1 said he'd pay his part of the cost. Later on, he agreed to sign over his share to me instead since he didn't want the headache of a home in need of great repairs. I have witnesses to this verbal agreement. The house only valued @$4000 prior to the new roof. And Bro2 didn't have the money to pay, but agreed to whenever able. Under these pretenses, I paid for a new roof,$3950. Since the new roof, bro1 reneged on me,and decided not to sign his part over. Now bro1 wants to trade for bro2's share. Bro2 would get bro1's mobile home in exchange for his share. This would make bro1 own 2/3 of the house. I haven't got any money from anyone! I've managed everything with the house; renters, cleaning, taxes, repairs, and more cleaning, for almost 2 years! My two brothers haven't even lifted a finger, and showed no concern when it came to evicting renters, and cleaning up and hauling off a house full of garbage - twice! Now Bro2 wants to sell his mobile home to bro1, and move into the house. I also had renters who were getting ready to move in, when I had to put a sudden stop to it, because of Bro2 changing his mind! He says he will put the same amt of money as I have into the inside, remodeling. He is stating that he will own 2/3 when all is said and done. So basically I won't get my money, and also lose out on part of the home ownership. Can Bro2 do this to me - sell to bro1, without also offering his share to me. Nothing has been done legally. Due to the many times Bro1 has changed his mind about what he's going to do, I am very concerned. What can I do to protect my rights and the money I have invested? Help!!!

[HomeGuru]

Originally Posted by bdorganok

What is the name of your state?Oklahoma
2 brothers & I inherited a home from grandma; deeded as Tenants in Common. We agreed to a new roof; as it needed one BAD. Bro1 said he'd pay his part of the cost. Later on, he agreed to sign over his share to me instead since he didn't want the headache of a home in need of great repairs. I have witnesses to this verbal agreement. The house only valued @$4000 prior to the new roof. And Bro2 didn't have the money to pay, but agreed to whenever able. Under these pretenses, I paid for a new roof,$3950. Since the new roof, bro1 reneged on me,and decided not to sign his part over. Now bro1 wants to trade for bro2's share. Bro2 would get bro1's mobile home in exchange for his share. This would make bro1 own 2/3 of the house. I haven't got any money from anyone! I've managed everything with the house; renters, cleaning, taxes, repairs, and more cleaning, for almost 2 years! My two brothers haven't even lifted a finger, and showed no concern when it came to evicting renters, and cleaning up and hauling off a house full of garbage - twice! Now Bro2 wants to sell his mobile home to bro1, and move into the house. I also had renters who were getting ready to move in, when I had to put a sudden stop to it, because of Bro2 changing his mind! He says he will put the same amt of money as I have into the inside, remodeling. He is stating that he will own 2/3 when all is said and done. So basically I won't get my money, and also lose out on part of the home ownership.
Can Bro2 do this to me - sell to bro1, without also offering his share to me. Nothing has been done legally.

**A: that's the number 1 problem. Nothing legal and fighting and floundering. Time to get off the pot.
*********
Due to the many times Bro1 has changed his mind about what he's going to do, I am very concerned. What can I do to protect my rights and the money I have invested? Help!!!

**A: one word; partition.

Originally Posted by HomeGuru

**A: one word; partition.

And another word: lawyer.

[JETX]

"I have witnesses to this verbal agreement."
And another few words... verbal agreements are not valid in real estate transactions.

[HomeGuru]

Your few words are refreshing, truthful and right on.

Originally Posted by JETX

"I have witnesses to this verbal agreement."
And another few words... verbal agreements are not valid in real estate transactions.

And I verbally agree:

[url]http://forum.freeadvice.com/showthread.php?p=845718#post845718[/url]

Standard answer on oral real estate agreements:

If it is not in writing, it did not happen.

If it is in writing, that’s the way it happened.