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Asked in CA May 18, 2022 ,  0 answers
I own a house and I have a second buyer and a co signer I currently live with the co signers son. And he pays the mortgage they want me out what can I do?
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4 Answers

Anonymous
Reply

Posted on / Jul. 18, 2017 15:46:00

I have to sorta guess what you mean by "I own a house and I have a second buyer," but I suppose you mean you co-own the house. Are you a tenant in common or a joint tenant? Is your housemate the son of the "second buyer" as well? What were the original ownership percentages, 50-50 or something else? Also, when a co-owner pays more than his/her share of the mortgage principal, this can raise the co-owner's percentage ownership above what's shown on the purchase documents. I suggest that you re-ask your question with more details given and/or seek a free initial conference with a local real-estate lawyer.

Anonymous
Reply

Posted on / Jul. 18, 2017 15:46:00

I have to sorta guess what you mean by "I own a house and I have a second buyer," but I suppose you mean you co-own the house. Are you a tenant in common or a joint tenant? Is your housemate the son of the "second buyer" as well? What were the original ownership percentages, 50-50 or something else? Also, when a co-owner pays more than his/her share of the mortgage principal, this can raise the co-owner's percentage ownership above what's shown on the purchase documents. I suggest that you re-ask your question with more details given and/or seek a free initial conference with a local real-estate lawyer.

Anonymous
Reply

Posted on / Jul. 18, 2017 15:46:00

I have to sorta guess what you mean by "I own a house and I have a second buyer," but I suppose you mean you co-own the house. Are you a tenant in common or a joint tenant? Is your housemate the son of the "second buyer" as well? What were the original ownership percentages, 50-50 or something else? Also, when a co-owner pays more than his/her share of the mortgage principal, this can raise the co-owner's percentage ownership above what's shown on the purchase documents. I suggest that you re-ask your question with more details given and/or seek a free initial conference with a local real-estate lawyer.

Anonymous
Reply

Posted on / Jul. 18, 2017 15:46:00

I have to sorta guess what you mean by "I own a house and I have a second buyer," but I suppose you mean you co-own the house. Are you a tenant in common or a joint tenant? Is your housemate the son of the "second buyer" as well? What were the original ownership percentages, 50-50 or something else? Also, when a co-owner pays more than his/her share of the mortgage principal, this can raise the co-owner's percentage ownership above what's shown on the purchase documents. I suggest that you re-ask your question with more details given and/or seek a free initial conference with a local real-estate lawyer.

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