What is the name of your state? MI
My daughter hooked up with a boyfriend a dozen years ago and bought a house for $6,000. It was a burned out shell and the bf had big plans to work on the (duplex)house, sell it for a killing, become a millionaire, etc. He is very street smart, my daughter the opposite. I do understand she is at fault for going along with all this, but if I had an idea of where this will go it might help. My daughter has only us (parents). She and the b.f. broke off shortly after they bought the house. They began working on the house and she moved into the 1/2 of the house and the rest remained unfinished. It was an eyesore and I'm not sure why it was never comdemned. The neighborhood gave me the creeps. The ex b.f. lived on the premises on his employer and never lived in the house.
Much $$ was borrowed on my daughter's name. All in guise of fixing up the house. I do not know where the money went except for other schemes. He could not get credit because of previous bad payments and used my daughter's spotless record. She went along. :-( She became ill after a couple of years, lost her job, found another. Work on the house came to a standstill while he twiddled on "other projects." Ten years went by. My daughter became financially strapped and took out a second mortgage to "consolidate" the debts piled up. I begged her not to do that, knowing the house would be tied up for more than it was worth. She has two mortgages for about what the house is worth. He always exclaimed it was worth twice the real value.
Ex b.f. left town one year ago. Before he left, he put on siding and a roof. I found out that money was borrowed. My husband finished up the house with the help of our daughter. The ex b.f. is on the title of the house, however, is not signed on either loan. He went bankrupt just before leaving town, but never declared his ownership in the house.
My daughter wants out of this. She can't afford to keep it up. She is working two jobs and has tried. He paid 1/2 of the first mortgage up until he left town. That was $137.50 a month. She has not received any money from him. She put the house up for sale, with no bites after 90 days. She also has the other side of duplex for rent. I've asked her over the years to go see an attorney to sort this out. She does not want to file bankruptcy. She won't be able to sell the house without ex b.f. signing off. He wants $20,000 or something. There will be nothing left after the house is sold. Luckily, it will be a wash. I told my daughter to tell the ex b.f. that she is ready to walk away from it all. He is a weasel and works on construction. Sad to say, my daughter is not very smart, to put it nicely. Any advice on what her options may be? Please don't tell me to mind my business. My daughter is alone and working herself to death and also has serious health issues. Thanks.
My daughter hooked up with a boyfriend a dozen years ago and bought a house for $6,000. It was a burned out shell and the bf had big plans to work on the (duplex)house, sell it for a killing, become a millionaire, etc. He is very street smart, my daughter the opposite. I do understand she is at fault for going along with all this, but if I had an idea of where this will go it might help. My daughter has only us (parents). She and the b.f. broke off shortly after they bought the house. They began working on the house and she moved into the 1/2 of the house and the rest remained unfinished. It was an eyesore and I'm not sure why it was never comdemned. The neighborhood gave me the creeps. The ex b.f. lived on the premises on his employer and never lived in the house.
Much $$ was borrowed on my daughter's name. All in guise of fixing up the house. I do not know where the money went except for other schemes. He could not get credit because of previous bad payments and used my daughter's spotless record. She went along. :-( She became ill after a couple of years, lost her job, found another. Work on the house came to a standstill while he twiddled on "other projects." Ten years went by. My daughter became financially strapped and took out a second mortgage to "consolidate" the debts piled up. I begged her not to do that, knowing the house would be tied up for more than it was worth. She has two mortgages for about what the house is worth. He always exclaimed it was worth twice the real value.
Ex b.f. left town one year ago. Before he left, he put on siding and a roof. I found out that money was borrowed. My husband finished up the house with the help of our daughter. The ex b.f. is on the title of the house, however, is not signed on either loan. He went bankrupt just before leaving town, but never declared his ownership in the house.
My daughter wants out of this. She can't afford to keep it up. She is working two jobs and has tried. He paid 1/2 of the first mortgage up until he left town. That was $137.50 a month. She has not received any money from him. She put the house up for sale, with no bites after 90 days. She also has the other side of duplex for rent. I've asked her over the years to go see an attorney to sort this out. She does not want to file bankruptcy. She won't be able to sell the house without ex b.f. signing off. He wants $20,000 or something. There will be nothing left after the house is sold. Luckily, it will be a wash. I told my daughter to tell the ex b.f. that she is ready to walk away from it all. He is a weasel and works on construction. Sad to say, my daughter is not very smart, to put it nicely. Any advice on what her options may be? Please don't tell me to mind my business. My daughter is alone and working herself to death and also has serious health issues. Thanks.
