my nephew and I purchased property in verbal agreement that i will help him 50% of the down payment and I will pay half of the negative in teh mortgage. The loan is under his name. After few months, I noticed that we didn't do the quit claim so my name is the title to protect my invest. I told him that when we gets the money to pay me for what I put in, he can do so becase I don't wan to have long term partnership with him. A soon as my name was in the title, then he start asking me for the half of the escrow money that he paid. Our agreemetn is that I will only help him for the 50% of teh down payment because he does not have all the money to buy it him self. In short term, okay, we agreed to go ahead and split it into half and we agreed that I will pay all the negative, in the beginning, he was paying me his half. Now, every time there's a expenses like HOA and property tax, he will ask us to pay for it, I disagree on that because I'm already paying all the negative in which what we agreed already in order to equal the escrow money he claims I should pay. He keeps pushing all the expenses to us inspite that we already have an agreement that I will pay all the negative. He is not paying his half of teh HOA for 4 months now, my half paymetn is being cash by the HOA and that's when I was notify that my nephew hasn't been paying his other half. I would like to depart from this situation and don't want to do more than I should because managing this property for him for free and not appreciate it is not acceptable. Please advise and thank very much.
Rose R. S.
Rose R. S.