5 years ago I (married with first wife and not yet annulled and with a common law wife and a 2 year old daughter and my sister married bought a lot worth 2.5M,since available cash is 1.5 only (.5M my contribution and 1M of the couple) We verbally agreed that the title will be transferred to their name for bank loan purposes for speedy approval and because of my marital status problem. Although the loan was on their name I pay the monthly amortizations. Now that it was fully paid, they refuse to have have the property divided. The property is earning rentals and refused to give our share of the rental and saying we still owe them 265k. They don't like to have the property divided until we pay them the 265K. I went to our barangay chairman and couldn't give an advise, so I went to lawyer and sent my sister of my demands. 1. to have the property divided and proper accounting of rentals.
My sister in her handwriting acknowledges all payments I made. She makes statement of my payments vs their payments.
Is that a strong evidence that I'm really a part owner?
If the demand letter sent to them, is they will not answer what is the next step to do? Another letter?
Also how much would it cost if we pursue for a case in court?