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Question about joint tenants and joint loans. I have a friend in Florida with a situation of owning a home and a car loan and she has her name as well as another person on her loans. I did not really have any idea of what she could do other than get an attorney to settle this. She is moving and her house is up for sale. Is there something that can be done to legally protect her interests and make the other person sell through a realtor and make the other person get the name off the vehicle loan (refinance) and to protect her personal property in the home? She was in a relationship without marriage. She was the primary money maker and paid most of all the bills. The other person is resistant and has removed some of her personal property from the residence as well as made a few threats. I would appreciate any advise so that I could give her some idea of what she will be up against. Thanks
Last edited by nord63 : 09-06-2006 at 10:15 AM. |
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“I have a friend in Florida with a situation of owning a home and a car loan and she has her name as well as another person on her loans”
The question is, does she have this other person on title/deed as well? If only your friend’s name is on the title, but the other person is also on the loan, I would think the other person would be the one worried. This other person could be held responsible for paying and yet not own title. If this other person is on the title, and won’t agree to selling, then seeking a partition action in court may be the answer. People often don’t get top value for their home though, because it is a forced sale. The parties need to recognize that they both could lose value and try to work out an amicable sale first. “She is moving and her house is up for sale. Is there something that can be done to legally protect her interests and make the other person sell through a realtor” If the home is up for sale, who is selling it? If your friend’s name is on the title, she has a right to live there as much as the other party, until it is sold. |
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