Posts Tagged ‘partition’
Owners Should Deed Over 50% Interest
Question: In 1993, I purchased a 50 percent ownership interest in a rental home in Chandler. The other 50 percent was an Arizona corporation. Since the purchase of the home, I have been making all of the mortgage payments and have paid for all of the maintenance and repairs, including a new roof. Although the…
Read MorePartition Lawsuit Key to Divide Sale Proceeds
Question: Five years ago, my husband and I purchased a house in the Arrowhead area for my daughter and her boyfriend. Although we transferred the title to their names, my husband and I are still on the mortgage. Her boyfriend is a classic “deadbeat,” and our daughter is tired of paying all of the…
Read MoreThe Benefits of Partioning Acres
Question: My mother and her two brothers own 3 acres of unimproved desert land in north Scottsdale worth approximately $450,000. They have owned this three acres since the 1920s when my grandfather purchased this land. The problem now is that the property taxes have become expensive, and because my mother is elderly and lives…
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