Legal Question in Real Estate Law in California
mother helped son buy a condo by providing $35,000 over 15 years ago
now son wants to sell the condo
is the mother due the dame percentage of the sale price as her contribution to the purchase price?
Asked on 4/27/22, 7:26 pm
1 Answer from Attorneys
That should have been worked out at the time she put up the money. If a court had to decide this, there would be inquiry to try to figure out what the parties expectations were at the time. Was it a gift, a loan, or an equity investment? That SHOULD have been agreed and documented at the start. If it wasn't there is no way to answer your question without a full review of all the facts and any relevant documents.
Answered on 5/02/22, 9:28 am
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