What is the name of your state?What is the name of your state? Illinois
My ex girlfriend and I lived together for 5 years with a joint savings and checking account. During this time we jointly purchased a time share. When we split up 2.5 years ago we still owed more on it than what it could be sold for.
We finally came to an agreement that I would get the time share, but because it was a liability, I would also get a 53" HDTV in exchange. As soon as I took out a loan ($6,500) and paid off the initial loan for the time share, she changed her mind and said she was going to keep the TV. I know I can't do anything about that, but my story gets better/worse and I get dumber.
She got a call a couple of wks. ago from a company (Rii) claiming they can sell the time share quickly and it's worth $13,200. Greed got the better of her and she's breaking our original agreement for the second time. She's going to sell it and lay claim to half the proceeds. I don't care about the money. It's the principle and she shouldn't be able to get by with it.
With her name still on it, I don't see how I can successfully contest it. I believe that if she is now laying claiming to half, she owes me for half the cost incurred by me since the day I assumed this as a liability by myself. This would include half of the $6,500 to payoff the initial loan. Half the interest on my second loan ($500) and half the taxes and maintenance fees ($1,500) on the time share. I have the documented proof of these expenses. I think she would owe me $4,250 up-front. After the sale, we would then split the proceeds and commission fees. Is this correct?
By the way... yes I did leave literally with the shirt on my back except for some (not all) of the things I had prior to our relationship. Well... not quite. I did get a digital camera that I had bought for myself. While I may have lost a small fortune in five years, I at least got my sole back. No regrets about that.
My ex girlfriend and I lived together for 5 years with a joint savings and checking account. During this time we jointly purchased a time share. When we split up 2.5 years ago we still owed more on it than what it could be sold for.
We finally came to an agreement that I would get the time share, but because it was a liability, I would also get a 53" HDTV in exchange. As soon as I took out a loan ($6,500) and paid off the initial loan for the time share, she changed her mind and said she was going to keep the TV. I know I can't do anything about that, but my story gets better/worse and I get dumber.
She got a call a couple of wks. ago from a company (Rii) claiming they can sell the time share quickly and it's worth $13,200. Greed got the better of her and she's breaking our original agreement for the second time. She's going to sell it and lay claim to half the proceeds. I don't care about the money. It's the principle and she shouldn't be able to get by with it.
With her name still on it, I don't see how I can successfully contest it. I believe that if she is now laying claiming to half, she owes me for half the cost incurred by me since the day I assumed this as a liability by myself. This would include half of the $6,500 to payoff the initial loan. Half the interest on my second loan ($500) and half the taxes and maintenance fees ($1,500) on the time share. I have the documented proof of these expenses. I think she would owe me $4,250 up-front. After the sale, we would then split the proceeds and commission fees. Is this correct?
By the way... yes I did leave literally with the shirt on my back except for some (not all) of the things I had prior to our relationship. Well... not quite. I did get a digital camera that I had bought for myself. While I may have lost a small fortune in five years, I at least got my sole back. No regrets about that.