Myself and another person purchased a house several years ago with the intention of doing a complete rehabilitation . We agreed to split the mortgage payments and cost of materials and labor. After 4 1/2 years, she has suddenly, without any notification, moved to other living accommodations and stopped paying her half of the mortgage, utilities, etc. Going back through the records, I have invested $40,000 while she has contributed less than $10,000. We each have made about $10,000 in mortgage principal payments. Other than purchasing a limited amount of building materials, she has contributed absolutely nothing toward contractor payments, nor has she contributed any personal labor.
Two years into the first mortgage, she insisted on taking out a second saying she would make all the payments. Like a fool, I signed off on it.She has stopped paying on the second mortgage as well and to protect my credit,I have been paying off that mortgage as well.
She spent that money on personal items.
I interpret her actions as breach of implied contract and abandonment of the project. She refuses to return phone messages or reply to e-mail.
I am able to afford both mortgages but want to get her off the deed. what recourse do I have?
