All Forum Posts by: Ronald Burns

Trading and negotiating / mediation is not an option as I have asked for a modest reimbursement of some of the money I put into the business and a deadline to refinancing. He was not willing to accept any reasonable amount of time to refinance because he does not want to sell. 

At this point, we do have lawyers involved and my lawyer recommends trying to move towards arbitration to at least get this dealt with as soon as possible... 

Is there any consequence of telling the lenders ownership has changed hands? My lawyer seems to be against using that as a bargaining chip saying they could retaliate saying it's "unjust" but it's no more unjust than basically forcing me to give over 47% of my interest and getting nothing in return right? 

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.