judgement mortgage

[drincognito]

I own an investment property with a friend of mine from a few years back. My friend is in some financial difficulty and his bank is pursuing him to get a judgement against him. (its the same bank as we got the mortgage from)

I'm just wondering how a judgement against his half of the property would affect the sale of the property?

Currently its in some negative equity and I would be looking to sell up as soon as I can break even from it.

Im concerned that the bank could stop any sale until the judgement mortgage can be paid from the proceeds of the sale.....

 

[dewdrop]

Is the property owned as joint tenants or as tenants in common?

 

[drincognito]

Tenants in common I believe....does it make a difference?