Just thought I would throw this out and see what kind of feedback I got.My girlfriend purchased a home (2 years ago) with her brother. The house is a 3-plex and the idea was to live in the house short-term (3-7 years) before moving out but holding it as a rental property.Shortly after the purchase, her brother began to exhibit signs of frustration (mostly complaints about trivial, nit-picky type things). He then stopped paying his half of the mortgage, using it as a ransom. He would pay it a month late if she met his demands. This persisted for about half a year or so, at which point he stopped paying altogether. He was now convinced the house needed to be sold, a little over a year after buying.While we thought this was a terrible idea, she did consent to put the house on the market if he agreed to repay his portion of the mortgage. This was not enough to satisfy him, so he decided to move to New York and pretend that he had never bought a house in Minnesota. The house has been on the market for over a year now (no offers yet) and he has broken off communication. He owes somewhere in the ballpark of $15,000 at this point.Just wondering if anyone out there has a take on this, or even gone through something similar? We are takings steps to get him into court, but I really have no idea how this is going to play out. Predictions? Advisable courses of action?Thanks,CrackerJack
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat