Posted on: 19th Jan, 2009 05:00 am
i purchased a parcel of property with a friend about 12 years ago. he was on the deed, stating just the property with no improvements. i purchased 2 mobile homes to be placed on the property for rental income purposes, i hold bills of sales to both homes. the agreement was verbal to use the property as income. that went well for a while and we both initially set up the places and were involved in repairs and improvements. about 6 yrs ago the relationship went bad and there was no communication, he refused to help with upkeep or repairs. i continued to make payments as my agreement but was advised by an attourney to stop payments to get his attention. it did and he destroyed on of the mobile homes. there was nothing i could do according to local law officials because he was co-owner. in sept 2008 he transferred his ownership over to a very shady couple who are class a felons and have done prison time for larceny, i want no association with them. they immediately took over the trailer that was empty and damaged. moving in and pushing out my 2nd tenant who lives on the same property. i tried a small claims to have them evicted, to no avail.
i looked at thier "quit claim deed" and it also states the property with "no improvements". the mobile homes are considered an improvement and i was curious if anyone has been in a similar situation. i have about drained my savings retaining a lawyer who went to small claims court with me and through mix up in communication the appeal did not get filed in time.
does anyone know if the "no improvements" on the deeds could be a plus for me since i do have solely purchased reciepts for both places? any help would be extremely appreciated. i live in upstate ny.
i looked at thier "quit claim deed" and it also states the property with "no improvements". the mobile homes are considered an improvement and i was curious if anyone has been in a similar situation. i have about drained my savings retaining a lawyer who went to small claims court with me and through mix up in communication the appeal did not get filed in time.
does anyone know if the "no improvements" on the deeds could be a plus for me since i do have solely purchased reciepts for both places? any help would be extremely appreciated. i live in upstate ny.
Hey rickzack,
You have mentioned that your friend has transferred the ownership rights of his portion of the property to the couple, I guess they are on the property deed along with you. In that case, I don't think you will get any facility as they are the co-owners of the property along with you. You may try to buy them out. You can offer them a certain sum of money in lieu of which they will transfer the property in your name.
You have mentioned that your friend has transferred the ownership rights of his portion of the property to the couple, I guess they are on the property deed along with you. In that case, I don't think you will get any facility as they are the co-owners of the property along with you. You may try to buy them out. You can offer them a certain sum of money in lieu of which they will transfer the property in your name.
A mobile home is not part of the real estate. It is separate from the property. Usually, mobile homes have title through the state motor vehicle agency.
Since they are in the mobile home without a lease, you should have them evcited according to your state's tenancy laws. Then, I would remove the mobile home from the property.
I appears they own half the real estate by quitclaim deed. If they do not contribute to pay taxes/upkeep, you can sue them for half. I would wait until that number equals the value of half the property and sue them in a "quiet title" action to have the court give you the other half of the property in exchange for the amount they owe you for half the taxes/upkeep.
Since they are in the mobile home without a lease, you should have them evcited according to your state's tenancy laws. Then, I would remove the mobile home from the property.
I appears they own half the real estate by quitclaim deed. If they do not contribute to pay taxes/upkeep, you can sue them for half. I would wait until that number equals the value of half the property and sue them in a "quiet title" action to have the court give you the other half of the property in exchange for the amount they owe you for half the taxes/upkeep.
