B ask the atty about protecting her right if it comes down to a buy out ANY LEGAL REF> appreciated
2006-11-29 05:07:01 · 3 answers · asked by erica1953 2 in Business & Finance ➔ Renting & Real Estate
Well...it's pretty cut and dry.
Either sell the house and split the profit.
Or the sister that wishes to move offers the buy out to the other sister at NO profit.
That is, if the sisters wish to save their family.
2006-11-29 05:18:25 · answer #1 · answered by Muinghan Life During Wartime 7 · 0⤊ 0⤋
If Sister B wants to stay in the house she should offer to purchase Sister A's interest in the house. You are right, you should get a lawyer to handle this for you to make sure everything is OK. If Sister A says she will sell her interest, they need to reach an agreement on how much. I'm assuming Sister A will want the most she can get, so the property will probably have to be appraised to find fair market value. I would ask that Sister A split the cost of the appraisal. Your lawyer will be able to help you with all of this. Hopefully Sister A & B get along so there won't be any problems.
2006-11-29 13:48:16 · answer #2 · answered by Kathleen M 4 · 0⤊ 0⤋
Its looks pretty simple to me just do it
2006-11-29 13:56:34 · answer #3 · answered by pattibcacl 6 · 0⤊ 0⤋