| co-owning real estate
with a then-fiance(e), bought a condo in 1989. We broke up shortly afterwards. She lived there solo for ~15 months before marrying someone and moving out of state. The condo was then rented by her for the following 2 years. The market at the time meant that rent was less than condo's carrying costs. I agreed during those 2 years to pay half the monthly maintenance fee, but she--as de facto landlord and with my approval--took all tax deductions.
Early 1993, she and spouse asked if I would take over management of the property till it was sold. I agreed, taking all deductions, etc, and acting as landlord, finding tenants, making repairs, upgrades, etc.
Costs continue to increase--taxes, maintenance and aggravation. Twice in the past 2 years, I've asked ex-fiancee to chip in a bit toward the costs but have been refused. Not interested, and she hasn't lifted a finger in 13 years now.
I am now looking to sell. How do I get her out of the picture. I started down the re-doing the deed route last year only to be told late in the game that I needed to refinance first. This is still dicey due to some problems on my credit report dating to a lousy tenant in 1998-1999.
Then I was told that a refi and deed change still might not do the trick. SO what is the trick, if any? I'd pay above-current mtg rates, because it'd still mean a lower rate than the sky high rate I'm currently paying form 1989.
Or, in the alternative, I decide to keep the place...isn't she under legal obligation as co-owner to contribute despite her lack of interest in doing so?
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