Quiet title/ ownership problems
A close friend bought a condo in Co. many years ago with a friend. When they were trying to buy it --on paper they added a 3rd person's name to the title to be sure they would be able to finance it.. The 2 friends paid for the place many years ago but the 3rd person who never put a dime in the project still has his name on the title.. My friend would like to sell it.. He is having a difficult time in talking his partner into selling or buying him out and no one knows where the 3rd party is located or if in fact he is still alive.. Can a quiet title be done by filling out forms and paying a fee? What should be done?
How to sell the property?
If my friend tries to sell his property in Colorado with 3 names on the title and he is the only one who wants to sell and possibly one person can't be found-- how can he do it? There are no liens on the property.
philor