Co-ownership Red Flags - 3 Types of Co-ownership

[@AshleySpeaks4U]

My sister insisted on co-ownership to protect me, using my NOT cognitive disability as a reason. She bought a home I didn't want with my inheritance that needs GOBS of work (horrible flip). I pay ALL the bills, taxes and insurance. I ALSO have paid for over $20,000 of maintenence and repairs over the last 5 years, she refuses to pay a dime, saying it is "yours". I pay for everything, but only own HALF. I want to kick her out, but she calls me "depressed" for asking her to Quit Claim. I told her I'm FINE paying for everything, but then I need to OWN everything too. I'm tired of her paying NOTHING for something I only own HALF of! But that makes me "depressed and ruminating". 😡

[@usherrobinson1125]

Which one us better in your opinion

[@ThinkRealEstateToronto]

The one where you are actually on title and own the property!

[@Raulia-l6e]

Does principal borrower among other co owners has any edge?

[@ThinkRealEstateToronto]

Hey SR in what type of situation? If you aren't on title you have no control. If you are on title you would still have to get all title holders to agree to a sale or mortgage changes. Other than that you could have contractual arrangement for other decisions. If you have more detail you want to discuss you can email me [e-mail]