Advice Needed Badly
I am going to a closing that I have had problems with as far as what is going on. Heres the deal.
I bought a property with a partner for cash and titled it in his name. I screwed up and didnt get anything in writing as far as a note or IOU and he has been threatening to sell it to someone else. I finally talked him into selling it to me like he was supposed to to begin with.
There is a 64,000.00 profit here. How do I make sure that at the closing table he endorses the check so that I can have it. We desolved our partnership and that is why he is so mad.
My main problem is that Ive been told that since I bought the property but titled it in his name with the intention of buying back from him at an elevated price it infringes on bank fraud. Please help!! 
You have a couple choices:
-You could have him grant deed you back the property and refinance it. If he
does not want to do this, you know he is up to something.
-You could tell him you want to put it into a trust which you control. Then you could
buy it back, because you control the trust.
-You could file a "Affadavit Of Purchase Agreement" if your state allows.
-You could hire and attorney and file
Les Pendence.
-You could have an amendment typed up in escrow stating that all proceeds from his sale go to somebody else you trust, like a family member.
Personally, I would tell him that since you bought the house in the first place, you want him to grant deed the property back to me. I would then go and refinance it and pull out the cash. If he does not want to do this, then you need to take drastic measures if that means hiring an attorney!
Best Riches,
Jeffrey Adam
[addsig]
Im supposed to go to the closing on Tuesday. He is in Florida and Im in NC. IM going to Fl for the closing. Im not sure hes up to something. If we close and he doesnt give me the check is there anything I can do?