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Good afternoon. I am Loren, a licensed attorney and I look forward to assisting you.
Are you on the title? If not, do you have any agreements with the owner that would entitle you to any equity in the home?
Thank you for the additional information. I am sorry to hear of your dilemma. I realize how frustrating this is for you and I hope to provide you information which is accurate and useful, even though it may not be the news you were hoping to get.
Unfortunately, merely making payments and living in a home do not entitle you to an ownership or equity interest. There would need to be an agreement between the parties that by making the payments and residing at the property you were acquiring some sort of interest in the property. Otherwise, you are no more entitled to equity than the owner could retroactively charge you for rent. In other words, it is something which would needed have to been agreed ahead of time.
I realize this is probably not the answer you were hoping to receive. Also, please remember that this is not necessarily a moral judgement on my part. As a professional, however, I am sometimes placed in the position of having to deliver news which is not favorable to a customer's legal position, but accurately reflects their position under the law. I hate it, but it happens and I only ask that you not penalize me with a bad or poor rating for having to deliver less than favorable news.
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