Untangled Burdensome Property Co-Ownership

As housing prices continue to rise, more people are electing to co-purchase homes together. These investments are increasingly common in pockets of Colorado. Weld County is considered a pioneer of this co-ownership trend, according to at least one recent national survey.

The only issue with these arrangements is they rarely last forever, as one recent client’s story highlights.  

In this case, our client wanted to be released from a mortgage he co-owned with three other family members. He entered the joint tenancy agreement, hoping to buy out his family’s interest in the property one day. However, after investing in the property for nearly a decade, he had a change of heart. 

Robinson & Henry negotiated a settlement agreement that removed our client from the mortgage and ensured just compensation for his fractional ownership of the property. Release from the joint tenancy agreement allowed our client to relocate and embark on a new chapter.