Senior Contributor
Walt_K
Posts: 3,065
Registered: ‎11-02-2009
Re: A very foolish friend... Is he screwed?

Your friend may need to see a lawyer.  Not sure that she own half the house in the manner you might be thinking.  Joint ownership can be complicated and who has what rights against the other for improvements to the property and the costs of those improvements is also complicated.  I'd want to talk to a lawyer to find out at the very least how to prevent her from taking out further home equity loans.  


Starting Score: ~500 (12/01/2008)
Current Score: EQ 681 (04/05/13); TU 98 728 (01/06/12), TU 08? 760 (provided by Barclay 1/2/14), TU 04 728 (lender pull 01/12/12); EX 742 (lender pull 01/12/12)
Goal Score: 720


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