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My husband purchased a commercial property in 2007 after we

Customer Question
Customer: ***** ***** My husband...
Customer: ***** ***** My husband purchased a commercial property in 2007 after we had been married 7 years. The bank put my name on the mortgage but not on the deed. He told this couple that he would sell it to them for 145000. when he actually paid 175000. Can I legally stop the sale since my name is ***** ***** mortgage and this will affect my livelihood? He is wanting to retire at the end of April and this will kill us financially.
JA: Thanks. Can you give me any more details about your issue?
Customer: The property is worth over 200,000. and would drastically cut our costs. He has been renting this property to this couple for 1200. a month for the past 6 years, even after out tax person at H&R Block advised him to raise the rent to $1800.00 a month, he refused to do that.
JA: OK got it. Last thing — JustAnswer charges a fee (generally around $18) to post your type of question to Real Estate Law Experts (you only pay if satisfied). There are a couple customers ahead of you. Are you willing to wait a bit?
Customer: Ywa Yes
JA: OK. Now I'm going to take you to a page to place a secure deposit with JustAnswer. Don't worry, this chat is saved. After that, we will finish helping you.
Submitted: 2 years ago.Category: Real Estate Law
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Answered in 1 minute by:
1/11/2016
Real Estate Lawyer: Loren, Lawyer replied 2 years ago
Loren
Loren, Lawyer
Category: Real Estate Law
Satisfied Customers: 35,836
Experience: 30 years of real estate practice experience.
Verified

Good afternoon. I am Loren, a licensed attorney, and I look forward to assisting you.

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Real Estate Lawyer: Loren, Lawyer replied 2 years ago

Which state?

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Customer reply replied 2 years ago
TN
Real Estate Lawyer: Loren, Lawyer replied 2 years ago

Why is he selling the property below market value?

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Real Estate Lawyer: Loren, Lawyer replied 2 years ago

Are you still online with me?

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Tina
Tina
Tina, Lawyer
Category: Real Estate Law
Satisfied Customers: 5,436
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Experience: 17 years of legal experience including real estate law.

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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).

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