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I quit-claimed a real estate deed in 2006 to a x-friend. We had oral agreement to make payments to me but they disappeared?

Asked over 2 years ago - Chicago, IL

I quit-claimed a real estate deed in 2006 to a ex-friend with a verbal agreement that they would pay me $5k a month for two years. They sold the property for $90k, quit making payments to me after 5 months and disappeared. They never signed a contract but we had a oral agreement. I filed a complaint with the attorney generals office in 2006. I recently heard that they had resurfaced. What are my legal options? Can I file criminal charges? What are the statue of Limitation laws for this case?

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Attorney answers (1)

Robert John Murillo

Reputation Level 15

Answered over 2 years ago. Business Attorney in Boulder, CO.

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You need to talk to a local attorney now. I don’t know your exact statute of limitations, but it may be coming up very soon or passed. The exact time would require more information.

As to what you can do, you may want to contact the DA about criminal charges and you should talk to an attorney about a civil suit.

DISCLAIMER—This answer is for informational purposes only and discusses general legal principles, trends, and considerations and is not intended as specific legal advice regarding your question. This answer does not establish an attorney client relationship.

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