When i bought the house I put a friend on the deed. The house is now in escrow to sell and my friend will not sighn the closing papers. the loan is in my name. Can I finish the sale without his signature?
2007-02-02 15:11:36 · 10 answers · asked by stayaway 1 in Business & Finance ➔ Renting & Real Estate
time for legal advice friend. i suggest you are in deep crap
2007-02-02 15:17:35 · answer #1 · answered by ? 5 · 2⤊ 1⤋
Get a solicitor a.s.a.p. You are in really deep ( mud ) ! From what I can see at a glance, you do not have a leg to stand on. You can not take her off your deeds ever, without her permission, which if she had any sense, she would never give. You and your friend look as though you are equal partners in the house 50/50 So you can not sell with out her signature and half the value of the house is hers, even if she has not contributed anything to-wards it. Please, get a solicitor NOW.
2007-02-02 15:37:41 · answer #2 · answered by Social Science Lady 7 · 1⤊ 0⤋
if the house is in escrow then who signed and acquired the listing? All paerties on title have to agree to the terms pf the contract.. so if only u have moved forward on the listing and purchase contrat the nu do not have a valid agreement and the buyers can sue for recourse aginst u, i suggest u give the buyers their deposit back... and work with ur friend to deed of property, maybe some financial agreement should be proposed to ur friend... well lets stop calling this person friend they seem shady to have no financial stake at risk but want benefits!
2007-02-02 17:11:41 · answer #3 · answered by The Go to Girl 2 · 0⤊ 0⤋
Since she has a legal interest in the house, you will have to get her to agree to sell her half of the property to you. You can force this by petitioning the court for a partition of the property. be forewarned that the court may, in fact, partition the property by splitting it down the middle, although if there is a single house, that will probably not happen. Under the partition, the court may require the parties to sell in which case, you can buy out her half of the property. See a lawyer for the proper procedures in your state and the financial ramifications. Obviously, you will have to take out a mortgage for the full sale price of the house, paying off the existing mortgage and splitting any proceeds. You may be better off getting her to agree to a quitclaim for her half of the property's value less her half of the balance on the mortgage. A good lawyer will let you know all your options.
2016-03-29 02:23:06 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You need a Lawyer
You Can Not complete the sale unless he signs over the deed.
You need a Lawyer
2007-02-02 15:29:07 · answer #5 · answered by KEVIN W 1 · 1⤊ 0⤋
See a solicitor..their advice is not too costly...should they act on your behalf then watch out. Why did you put your friends name on the deeds if you are paying the mortgage?
2007-02-02 15:48:43 · answer #6 · answered by Le Baron 3 · 0⤊ 0⤋
You cannot "get his name off the deed" any more than he can get your name off. The house is owned by two people.
2007-02-02 15:56:27 · answer #7 · answered by teran_realtor 7 · 0⤊ 0⤋
you can get a solicitor and cause you unnecessary expense because you cannot remove that person off the deeds unless you come to some arrangement with him//then pop into a solicitor
2007-02-02 19:59:48 · answer #8 · answered by srracvuee 7 · 1⤊ 0⤋
It is time to get an attorney involved. Call on now. Good luck.
2007-02-02 17:43:12 · answer #9 · answered by Mrs. Morality 2 · 1⤊ 0⤋
no
2007-02-02 15:18:16 · answer #10 · answered by Robert C 5 · 0⤊ 0⤋