Partner tricked me into securing him financially

LegacyUser

It’s difficult to know where to begin with my problem but it’s took me until now to sit down and put everything on paper. I would be very obliged to hear views and thoughts please.
Some time ago my partners business got into difficulty and he had to declare bankruptcy. Before he did I had been called upon to buy some of his distressed assets. I took out two mortgages and purchased two houses. I was told as soon as he got on his feet again he would buy the properties back.

I had been very hesitant to buy the properties and said I would need to be certain he was going to complete his end of the deal. He decided to give me a large sum of money to put on deposit as a token of proof that he would buy me out of the mortgages. After the buyout I was to return the cash.

To cut a long story short, my partners’ nephew and his wife called over to me with the devastating news that he was cheating on me with another woman and had been for some time. Both him and his bit on the side had been in cahoots to have me buy the properties and hold it for them until he had bankrupted himself. They told me that after all my work he was going to walk with everything.

I told them about the cash deposit I held and they encouraged me to pay off credit card and credit union debt with it as I was going to be left with absolutely nothing.

I paid off my loans with the deposit and am now racked with guilt even though I know he has plans on duping me hook, line and sinker.

I want him out of the house but if I kick him out he will know that the cash is spent.

I'm sick with worry.

Taltos

OP - please note we cannot give you legal advice in relation to the mortgages or debts incurred. Instead all the posters here can do in relation to that aspect of your issue is to encourage you to seek proper legal advice.

All the best
Taltos

dellas1979

Gosh sorry Im not following this one/the story anyways.

So you legally own the 2 properties, and also have/had cash he gave you?

I dont understand

HeyThereDeliah

Do you own the two houses? Why not confront him and tell him you know what he is up. You can sell the houses and the cash well that's his loss and your gain he is committing some kind of fraud anyway asking you to hide money for him.

okiss

You need to get legal advice before you say anything to your partner about leaving your home. Is the home he lives in with you in joint names or in your name?
After getting legal advice I would tell him that you want him out of the house as you know that he has been cheating on you.
Tell him you know he was planning to leave you with no money or the houses that are currently in your name. Because of this you used the money he give you to pay off some debits.
If he does not like being told that he is leaving your home tell him I am sure the guards and revenue would like to know about what he has be doing.
I would get some types of recording device and record this conversation.
I would also have a few friends with you in case he decides to treaten or hurt you.
Your partner has gone bankrupt and not used the money he had to pay off some of his debts. Meanwhile someone he owes money to could have let people off or closed there business. He used you to keep his money in your name, let you buy homes in your name with mortgages in your name which he expected you to give to him along with the fact he has been cheating on you.
This guy deserves everything you can throw at him.

ABajaninCork

okiss wrote: »

I would get some types of recording device and record this conversation.

I wouldn't do this under ANY circumstances. I'm nearly sure it is illegal to record conversations without the other party's knowledge or consent.

The best thing you can do OP is push your hurt and anger aside for the moment and focus on you. I would do and say nothing to nobody. Don't show your hand and don't let other's know what you're thinking. That's the first thing I would do. You have to box very clever here.

Get legal advice quickly. Is there a FLAC near you? Certainly, that would be my first stop.

I wish you lots of luck and strength OP. You're going to need it!

Sleepy

IANAL but afaik, it's not illegal to make the recording it's just inadmissible as evidence in a court-room. Doesn't mean it can't still be used as leverage in a negotiation though...

fungun

do you trust your partners nephew and his wife completely?

Not sure what your relationship is like but you seem to be 100% believing them straight off - if someone came to me saying that I would at least question it before taking major action - what if he and his uncle had a falling out and this is his revenge?

I ask this because it does not seem to me that you are in that weak a position financially right now - 2 houses are in your name with mortgages that you can sell any time you like, and you also have a sum of his cash. Seems to me like you could walk away from this without too much financial difficulty if you so choose? (with admittedly a difficult conversation with himself)

blatantrereg

There are free legal advice clinics available throughout the country [look them up on citizensinformation.ie]. It's unlikely that you would meet someone with the relevant specialisation or experience there, but you would get a free consultation with a solicitor. That might give you a good idea of how you want to proceed.

Gooner111

Your living together so how long are you's together?? Have you established that he is actually cheating on you?? Why haven't you talked to him?? Do you have any copies of the agreement between yourselves - can you get him to write it down??? He gave you a sum of money which you've since spent to clear off your own debts. You own two houses which could be sold if needed. I am not sure how he is going/would be able to get everything from you since your name is on the property and you've spent the case he gave you. But no harm in talking to a solicitor.

ManOfMystery

I think before you do anything, you really need to establish if your partner actually IS cheating, and if he actually is this treacherous conman that the nephew has made him out to be.

It could be true..................... but for all you know the nephew could have fabricated the entire thing because of a family feud, because he's twisted, or for a variety of other reasons. It may seem a bit of an extreme story to make up, but some people just have a certain streak like that in them and I've heard of much worse than that being done & said before.

If you've established it is true and you're satisfied that the nephew isn't lying or mistaken, then go and speak to a solicitor immediately and get proper legal advice. It's my understanding that you have the upper hand here because you had both the deposit he gave you, and the houses are also in your name, but a solicitor will be able to tell you exactly where you stand and how best to move forward.

StillWaters

So you bought 2 of his properties with a mortgage solely in your name. Any money he raised from the sale, minus what he owed to the bank, he gave to you (I'm not sure why he did this?) You have now spent that money and also own the two properties.

I can't see how your partner could be duping you here OP, financially at least.

Oryx

Op, as I understand it, you are to sell the properties back to him at some point in the future, at no loss to yourself? So at this point your main concern is the deceit that got you involved in a possibly fraudulent transaction, with nothing to show for it at the end (as he will have done a flit with the other woman?)

So, right now, as you describe it, you are 'in profit' as you have used the money he gave you, and you own two mortgaged properties in your sole name. It doesnt sound like the worst situation to be stuck in, though not ideal, depending on the current equity in the properties and who is paying the mortgage right now.

Before you do a thing, you need to get proper legal advice. Dont let emotion cloud your judgement here, and though your nephew may mean well, his advice is not what you should be listening to. These are massive financial burdens, you need proper advice.