Clh,

Do yourself a favor, as some of the other pro's recomended your question is legal in nature and you should get legal advice.

Juan

The only answer to that question is to seek the advice of a Real Estate Attorney as this is a legal question and as a Real Estate Agent I can not give you legal advise.

It is always a good idea to have a mediator and an attorney to help you resolve the matter.

Maybe you could explore the possibilities of selling your share to somebody else?

Maybe , depending on the way you vested and how title reads, you can sell your 1/2 to another party.
That way your friend stays your friend and keeps his half of the house!


Best,
Lisa and Goran

Force is a fighting word. I would try to talk to the other owner and see if they will buy you out. Maybe you can sell and split the equity. I would contact an Attorney or try Mediation to get this problem solved.

It would really depend on what sort of a contract you signed. For an in depth examination of just what your agreement says, it would be wise to consult a real estate attorney. Without looking closely at the contract, it would be impossible for a realtor to answer your question--and a realtor can only "read you the contract"--to do anything else would be practicing law without a license.

If he doesn't want to sell, you don't have much of a choice. If you have enough equity in the property, you could refinance. With the proceeds, your friend could buy you out, the new mortgage would be in his name only, and he retains the property. Of course, your friend would have to be able to qualify for and afford the payment on his own.
You may want to contact a real estate attorney...the initial consultation may be free of charge.
Is this an investment property or do you both live in the home?