Legal Question in Real Estate Law in New Hampshire
I own a duplex with my husband and another family as "tenants in common"...the other family is always late with the mortgage and sometimes only pays a portion of it...weeks late. We are unable to refinance due to their poor credit history. We are planning on purchasing our own home and renting our side of the duplex. Is there anyway we can get them to "shape up" and stop being deadbeats, at least where the mortgage is concerned?
1 Answer from Attorneys
In cases of this type the most practical solution is to purchase the interest of the other party so you no longer need to deal with them. If that is not feasible, you can bring a law suit to force compliance with the terms of the mortgage and promissory note, but that surely will add to family stress. Otherwise, it's merely you trying to explain to them how this impacts your life.
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