We made a written agreement on 4/12/2005 that I would pay her $10,000 for her share of the house, and for her to sign a Quit clam deed and I would take over payments that we had on the house and the trailer, The agreement states no timeline or interest on payment. I have paid her $8,200 so far, now she is asking for $6,800 for interest and costs and reasonable attorney's fees, I need advice please.
Any written agreement needs to be reviewed by an attorney in order for that attorney to give you proper counsel. As my old Algebra teacher in high school used to say, "it would behoove you to" sit down with an attorney so he or she could properly help you. Generally speaking, if the note said nothing about interest, there would generally be no interest (unless she obtained a court judgment against you and you failed to pay, then she is allowed to collect interest based on the court approved standards - but only on the judgment amount).
Regarding the timeline, again, if the note made no mention of a timeline of payments or payoff, the court may have to look at what it feels is a "reasonable" schedule or deadline. It is unlikely you could push it off for life.
But again, this is why it is important for you to schedule an appointment to sit down with an attorney. The money you spend now could save you much more than if you just try to "wing it." Good Luck!
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I agree with Attorney Sternisha. You are probably not going to be able to work this one out, on your own. Having said that, no attorney can tell you your rights and your obligations under an agreement that they cannot see. If your agreement truly does not state the terms you mentioned, then the court is free to re-write the agreement to include them. In most cases, there would be a reasonable standard that would apply.
Whether 7 years is reasonable, in terms of your agreement, is hard to say.
If you can work something out with your ex without taking this to court, then you will both be farther ahead. The $6,800 apparently included attorney fees. If neither of you use an attorney, then there would be lower costs. Perhaps there is a middle ground that will work for both of you. If not, then I would meet with an attorney to see what your rights are.
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