I own a building with another individual. We took out an equity line on our building as joint borrowers (he AND I, not him OR I). The borrowers are clearly defined as both of us. My partner withdrew all of the funds and left me holding the bag, without the knowledge that our line was ever used. There is no evidence that anything but both signatures was required to withdraw. Now what?
You've used interesting language in your question when you say "There is no evidence that anything but both signatures was required to withdraw." Have you carefully read the contract for the equity line and found specific language stating that the signatures of both borrowers are required for any draw from the line? Candidly, the norm for equity lines to co-borrowers is to permit draws by either borrower.
This has all the trappings of a mess for all concerned. Contact an attorney right away to find out what options you may have.
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You've used interesting language in your question when you say "There is no evidence that anything but both signatures was required to withdraw." Have you carefully read the contract for the equity line and found specific language stating that the signatures of both borrowers are required for any draw from the line? Candidly, the norm for equity lines to co-borrowers is to permit draws by either borrower.