My mother is my LL, we put $1000's into renovations, she's evicting us to make profit
Here goes a long question. This is in New Hampshire. In 2000 my mom purchased a home to sell to us (myself & wife). We were to have 4-5 years to purchase. Our agreement was that she would by a broken property for cheap and we would fix it up to build equity that we could use to help with our purchase of the property. LL(mom) paid for most materials and we supplied labor at no cost. The total of labor cost is equivalent to $21,700.00. The value of the home went from $90,000.00 to $140,000.00 (tax value).
After the repairs stopped and we went for financing LL(mom) decided she did not want to pay capital gains tax so she would not allow us the equity in the home. Because of this we faced 100% financing which was not doable because of the failure of the market. She now is trying to evict us so that she can sell the house. She is selling for $120,000.00. That is going to give her a profit of $30,000.00 - $15,000.00 for items she paid for. So she profits $15,000.00 for the work we did and she is putting us in a homeless status.
We want the money for the work we did. She came up with this whole idea and it seems like she set us up for disaster. We have nothing in writing because this was the last thing we thought would happen. I mean seriously what type of mother/grandmother would do this.
Do we have a chance at getting our well deserved and EARNED money or are we up the creek without paddles? If we do have a case can we use this to prevent an eviction until after the case is heard? If we do have a case should we ask for more than the LABOR amount such as an emotional distress award, interest, or any other relief.
It sickens me that we may have to sue my own mother but what else of a choice do we have, as she is trying to put her only two grandchildren on the street!
As another side note I am a contractor who has a very solid reputation for quality work and my wife has had the same job since before she graduated high school (15+ years)! We are not druggies or drunks and everyone who knows us (except my mom) loves us and we are very well regarded in our community as being very good people. She on the other hand has destroyed two marriges both ending in tradegy, one being a suicide, and she's been with a married man for 13+ years! FYI (needed to get that out).
Is there anyone who can help?