If he is a half owner, he or she is entitled to either use the house or be bought out if they don’t want to use the house. They can, in principle, press the issue with a petition to partition (which would likely result in the sale of the house, either to you or to a third party.)
Why does the other half owner not pay bills?
Other half owner told me he cannot pay any bills for lack of no money Why would I be made to sell/buy his half when he never lived/paid bills or made any repairs to the house? He has never asked for keys to the house.He said he can make me pay rent. Do I have to pay rent on the house I own half of ?
Is it possible to pay off someone else’s mortgage?
A mortgage is a long-term loan, used to pay for a home. Not paying your mortgage will ruin your credit and cost your house. If someone you care for is falling behind on their mortgage or if you simply want to give them a gift that will last a lifetime, it is possible to pay for their mortgage.
What happens if my parents give me money?
If they give the money to you and you pay the mortgage then it was you that paid it with your money. Either way it is a gift from your parents, but once the money is given to you, you can do anything you want with it including paying the mortgage, then the mortgage payment would all be in your name.
Is there a halfway house program in California?
Transitional housing programs are a growing need in communities plagued with substance abuse, crime and homelessness. Starting a halfway house in California is a fairly safe investment, thanks to the state’s large population.
Why is the home ownership rate so low in California?
Another culprit for California’s low homeownership rate is a lack of residential construction sufficient to support the state’s ever-growing population. This supply-and-demand imbalance forces homeownership out of reach for many would-be homebuyers, a dynamic which legislators are finally taking notice of in 2019.
What does it mean to be in a halfway house?
A halfway house—more appropriately called a transitional home—serves as a temporary housing facility for individuals going through a major transition in their lives. Transitional homes can service people in a variety of situations, and usually target individuals in similar predicaments.
