California  |  Real Estate Law

Legal Question

Asked on: 5/13/13, 5:42 pm

Land/Property Question: let's say that 4 people share land/property and all 4 names of the individuals are on the deed. They each made a verbal agreement that noone would force the others to buyout. But time passes and one of the owners decides that they are unable to afford their share of the property taxes as well as funding for property maintenance. That owner wishes to relinquish their ownership of the property and recoup any investments they had made in the property. What recourse do they have?

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