Real Estate Law
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Under the statute of frauds, any agreement regarding the ownership or transfer of real estate is required to be in writing. Since the other party is not on the deed or the loan, the other party has no legal interest in the title. And, since there is no written agreement between the two of you, the other party is not going to be able to prevail in any claim to ownership. But, since you can never prevent someone from filing a suit against you, I would not: i) offer the other party anything until the transaction has closed so the other party doesn't think they have an interest and tries to muck up your sale; or ii) after the sale, offer any amounts of money unless the other party is willing to sign an agreement that they agree that this is in full satisfaction of any claims they may think they have.
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