[WSBARP] Ownership without title

Mon Jul 10 17:20:02 PDT 2017

It sounds like this is a sequence of joint ventures.  A JV Agreement could
spell out the arrangement you described where Friend buys property and goes
on title, but proceeds get split after rehab.

Best Regards,

DANIELLE FLATT | ATTORNEY | DIMENSION LAW GROUP PLLC
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On Mon, Jul 10, 2017 at 5:11 PM, Marcus Fry <mfry at lyon-law.com> wrote:

> What about partnership?  The facts below reflect that the relationship is
> a partnership, and therefore, the non-named person would possess an
> equitable interest in the property as a partner.
>
>
>
> Marcus J. Fry
>
> Lyon, Weigand & Gustafson, P.S.
> P.O. Box 1689
> Yakima, Washington  98907
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> *From:* wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.
> wsbarppt.com] *On Behalf Of *Craig Gourley
> *Sent:* Monday, July 10, 2017 4:59 PM
> *To:* wsbarp at lists.wsbarppt.com
> *Subject:* [WSBARP] Ownership without title
>
>
>
> Listmates,  I have an issue that you may have already encountered so I
> thought I would consult the learned members of this listserv.  This is
> shorthand for my client does not want to pay me for research and I find it
> an interesting question.
>
>
>
> We are at the second stage of an appeal with a government agency.  The
> core issue has come down to if my client is an “ owner “ of the property we
> win, if not, we loose.  Client and a friend have a history of purchasing
> property together. Friend puts up the purchase money and takes title in her
> name. Client provides all the repair / remodel money and labor.  The
> parties have a joint bank account for this purpose but the funds are all my
> client’s.  Friend considers him a full partner and co-owner but his name is
> not on the deed.  When the property is completed they either sell it or one
> cashes the other out and they rent it.  Government agency says if your name
> is not on the deed you are not an owner and therefore you are in big
> trouble.   I am looking for examples of “ ownership” without being on a
> deed. I have considered nominee and constructive trust.  One other example
> that comes to mind is adverse possession where ownership passed by
> operation of law but the “ owner” is not on any deed.   Anybody else been
> down this road?  Thank you in advance for your input.  Craig
>
>
>
> *Gourley Law Group*
>
> *Snohomish Escrow*
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>
> 360.568.5065 <(360)%20568-5065>
>
> 360.568.8092 <(360)%20568-8092>  fax
>
> *Craig at glgmail.com <Craig at glgmail.com>*
>
>
>
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