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Updated over 9 years ago on .
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Partner put only his name upon transferring title
Hello, let me start by saying I am new to the real estate market and have recently began to get my feet wet with renovating a couple properties.
Here is my question: If my partner in renovating our current house only puts the title to the home in his name after I am the one who funded 90% with my cash and credit, would he be able to sell behind my back? We signed a partnership agreement stating that property could not be sold with out all parties involved, but when I try talk to him about putting my name on the title as well he changes the subject or says there is nothing to worry about. I do not want him selling with out me and running off with my half of the money, considering all the cash and debt I have put into the mix, as well tons of my personal time.
My partner is the one with some experience in real estate and I included majority of the cash, if not all, because he is very secretive and have caught him in numerous lies, either saying pex piping was more expensive than copper, and I notice many other little lies he tells to potential investors as well. He also does some other things I will not mention in a public forum. He does not have anything in his name and seems like suing would be a lost cause. Would this be considered fraudulent activity if sells without me and does not pay my half or do I have any legal recourse before he can sell the house so both of our names on the title?
Please any help is appreciated, thanks!!
Most Popular Reply

To avoid this you may want to consider coming in as debt next time which would mean you should have a lien on the property placed just like a mortgage. This lien will ensure the other person can't sell the property without paying you first.