Best Way to Hold Title (CALIF)??
Posted by Philip on November 17, 2003 at 13:35:07:Hello. I am in a Joint Real estate venture with another person. He filed Bankruptcy, we had Balloon payments due and no one would refinance. to avoid defaulting and losing a huge amount of equity, I paid off the balloons WITH MY PERSONAL MONEY so we now own the properties free and clear. However, Since I 'm now "way more vested" in the properties than my (No good) partner, how should title be held?? Thanks for any suggestions
- Use a title holding trust.... (url) - Ward-CA- 08:55:49 11/19/03
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- Re: Best Way to Hold Title (CALIF)?? - Darryl-CA 10:26:50 11/18/03
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Comments:: Hello. I am in a Joint Real estate venture with another person. He filed Bankruptcy, we had Balloon payments due and no one would refinance. to avoid defaulting and losing a huge amount of equity, I paid off the balloons WITH MY PERSONAL MONEY so we now own the properties free and clear. However, Since I 'm now "way more vested" in the properties than my (No good) partner, how should title be held?? Thanks for any suggestions Optional Link URL : Link Title :
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