PARENT / CHILD dispute over a home ownership and forced selling for equity share
I will MAKE THIS AS SHORT AS POSSIBLE.
My neighbor and a good friend came to me balling his eyes out. Poor guy! 70 years old person and i don't know how do i help him:(
Apparently, 5-6 years ago he was retired and wanted to invest in a house to leave something behind for his only grandson(5 yr old that time). he was working both in USA and Canada and didn't have great credit (may be) but enough money to put a downpayment on a house (20%) he bought a 4 bedroom 2 bathroom house ( small two-story bungalow type ) and made a joint property mortgage with his offspring that he has been paying from the beginning
they sign the documents and ownership together and started living in the same house but within 7 months this offspring runs off with his grandson to somewhere for the last four-five years and leaves this man high and dry without paying his/her share of mortgage or bills. somehow this man survives all that buy renting rooms to local students or short term tenants and with a pension.
Now, five-six years later this person came back claiming their half inequity and taking this old man to a court for it. lawyer says " my client has every right to claim his half in the house" and legally he may be right as they have a name on a property together but if we don't find a way to help this guy he will not survive this nasty blow.
please help me help this guy. please tell me how he can fight back. isn't this an elder abuse? my heart goes out to his situation but I want to help him . does anyone have any idea how to represent his side in court? he has a week left pooor pooor man!
can the court make him sale his house and whatever money after paying bank gets divided equally? that's not right ? can they do that?
My neighbor and a good friend came to me balling his eyes out. Poor guy! 70 years old person and i don't know how do i help him:(
Apparently, 5-6 years ago he was retired and wanted to invest in a house to leave something behind for his only grandson(5 yr old that time). he was working both in USA and Canada and didn't have great credit (may be) but enough money to put a downpayment on a house (20%) he bought a 4 bedroom 2 bathroom house ( small two-story bungalow type ) and made a joint property mortgage with his offspring that he has been paying from the beginning
they sign the documents and ownership together and started living in the same house but within 7 months this offspring runs off with his grandson to somewhere for the last four-five years and leaves this man high and dry without paying his/her share of mortgage or bills. somehow this man survives all that buy renting rooms to local students or short term tenants and with a pension.
Now, five-six years later this person came back claiming their half inequity and taking this old man to a court for it. lawyer says " my client has every right to claim his half in the house" and legally he may be right as they have a name on a property together but if we don't find a way to help this guy he will not survive this nasty blow.
please help me help this guy. please tell me how he can fight back. isn't this an elder abuse? my heart goes out to his situation but I want to help him . does anyone have any idea how to represent his side in court? he has a week left pooor pooor man!
can the court make him sale his house and whatever money after paying bank gets divided equally? that's not right ? can they do that?
“I swear by my life and my love of it that I will never live for the sake of another man, nor ask another man to live for mine.”-John Galt