Falling out and legal battle.

[Ronald Burns]

I have invested in property with an ex life partner and have gotten myself into a tough situation.

My name is on the mortgages of the properties we own. All properties and deeds to said properties were placed into an LLC. Upon my separation with said partner, I was coaxed into signing away majority of my ownership in the LLC and now only own a small percentage. I want to dissolve the LLC and mortgages so that we both can go our separate ways, however, because of the documents I've signed, I have lost the power to have any say in anything. I am still liable for the mortgages as the loans are all under my name.

Is there anything I can do to either force sell the properties or remove my names from the mortgages? My ex currently has no motivation to refinance asap and also does not have the income to. 

[Kathy Henley]

@Ronald Burns The things that we do when we are in love! When one isn't thinking clearly, one should stay away from signing away things. Best to let someone else negotiate - they are called lawyers. Make an appointment today to find out what can be salvaged.

I went through a similar situ when we divorced. I learned that signatures on loans are real, a commitment that goes beyond a marriage. We traded properties like poker chips but the loans remained in both of our names, regardless of one of us loosing ownership. The future looked dark. Yet, thanks to the shift in the market cycle, I was able to refinance a few and sell one property. It won't be overnight but things will get better.