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partnership with parents

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S

stephanie72

Guest
Points are...
hubby's rental business to begin with
he added his parents on deed and morgage since they talked him into it after he had to borrow for property taxes from them
just refinanced
they (parents)decided how much extra to borrow without hubby
parents decided on the new checking (45 mins away) for extra money..they will write hubby a check if he needs some
he wants them to take their names off and keep the money for what he owes them
how can this be done if they refuse..which they have in the past.
Originally he had all the morgages in his name without the help of his parents
he doesn't want this checking to happen..he wants it in the rental account that they have now. Can he refuse and they still open it?
Thanks
steph
 


F

ForrestN

Guest
buy out

If they are on the papers, you have trouble. You should try to either buy them out or sell out to them.
 

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