Real Estate Law
Have Real Estate Law Questions? Ask a Real Estate Lawyer.
Thank you very much....that is what we were hoping to hear. She signed nothing so that is good; however, I forgot to mention that he did give her some money ($500, I believe) to help with the initial down payment when she bought the house. We are not disputing that fact, nor the fact that he sunk money into the house. That is why we felt that giving him half the profits was very fair.
Does that change anything?
Thanks again, Mary
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).