Do I need a real estate attorney?

Asked 4 months ago - Cerritos, CA

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My husband was deeded a house. He agreed to let the guy live there as long as he wanted. The man moved away. This man expects to collect the rent from the property, calling it equity. What should I do?

Attorney answers (5)

  1. Pro

    Contributor Level 20

    3

    Lawyers agree

    Answered February 08, 2013 12:52. I have read your question and comments. The situation is too complex for an answer through this forum. Your husband needs to consult an attorney. There are many issues which need to be considered along with the exact facts, including the terms of any agreement between your husband and "the man." Good luck.

    I am licensed in California only and my answers on Avvo assume California law. Answers provided by me are for... more
  2. Contributor Level 12

    2

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    Answered February 08, 2013 10:56. A resulting trust occurs where one person deeds the property to another with the understanding that the new owner will be an owner in name only. This may be what you have here. But the new owner is, of course, entitled to compensation for the service. This situation can be resolved by mutual agreement reduced to writing or through the courts. Consult an attorney.

  3. Pro

    Contributor Level 8

    2

    Lawyers agree

    Answered February 08, 2013 11:01. Not clear as to the question. Who deeded the house to your husband? How long ago? Are you saying the "man" lived in the house rent free and now wants money on top of that too?

  4. Contributor Level 6

    1

    Lawyer agrees

    Answered February 13, 2013 17:18. After reviewing the questions and comments there still appears to me missing information. Mostly, how much was paid off, what was the value of the home at each relevant time, how much was invested in the renovations, and how much of the rents does the previous owner expect?

  5. Pro

    Contributor Level 18

    2

    Lawyers agree

    Answered February 08, 2013 12:49. I agree with Mr. Graham.

    If this answer was helpful, please mark it as helpful or as a best answer. This answer is for general education... more

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