Joint house ownership, but now only one is paying!

[nym9]

I bought a house in Nevada with an associate, we are co-owners, and I am completely unfamiliar with real estate law. We both put a substantial equal down payment totalling 1/3 of the total cost.

Now, the other party can no longer pay their share of the mortgage payments. I can handle the full payment, but I dont want to continue paying unless the payments can somehow count toward my "share" of the house. Or, is there a legal way to get the non-payers name off the title?

I hope I am not forced to sell, but if so is there any type of contact that could have prevented this, two separate mortgages, etc?

 

[nym9]

File partition and sell the house.

What about preventing that in the future, there are no cotenancy contracts that force separate payments from the individuals?

 

[rmet4nzkx]

There should be a song titled 'I screwed myself and now I'm pregnant' somewhere out there.

File partition and sell the house. You can repurchase through a third party if the other party doesn't want to sell to you.

BB check out his other threads, especially the other one on the same subject, different info.
https://forum.freeadvice.com/showthread.php?t=228328

 

[HomeGuru]

What about preventing that in the future, there are no cotenancy contracts that force separate payments from the individuals?

**A: an attorney could draft a partnership agreement etc.

 

[nym9]

**A: an attorney could draft a partnership agreement etc.

Can you give me some basic advice on what type of binding agreement? And how would it be enforced?

 

[nym9]

BB I decided to stalk people on here instead of replying to questions (I dont know any answers anyway)

stop stalking me and stop acting like you know me.

 

[HomeGuru]

stop stalking me and stop acting like you know me.

**A: why would anyone act like they know you?

 

[nym9]

**A: why would anyone act like they know you?

Ask rmet4nzkx.

And while you are here, you can answer my follow up question, thanks.