Two people own a property. The first person wants to sell or be bought out, but person 2 doesn't want to do neither. Person 1 can't afford to take person 2 to court. Person 1 decides to just walk away and quit making their 1/2 of the payment. Will person 1 lose all legal rights to the property for doing this?
1 Answer from Attorneys
Hello. Generally, Person 1 does not lose all legal rights to the real estate by such action. The person facing such a legal issue should seek private attorney counsel at this time. He/she is welcome to phone me. All the best.
Tricia Dwyer, Esq.
Tricia Dwyer, Esq & Associates PLLC
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