Thanks for the answers I've already received. The situation is that one of my brothers had a joint ownership with our mother, and lived in the property. Sadly she's died, and myself and our other brother each inherit a third of the house. I don't live in the property, and nor does my other brother. I'm ready to let our brother live in the property until he feels ready to sell, but my other brother contacted him within a few days of our mother's death, trying to force an early discussion on selling the property and threatening a legal wrangle to force a sale if he didn't comply. The brother who doesn't live on the property is extremely well-off and owns two homes - can his behaviour in this matter be legally justified?
2007-02-28 13:42:40 · 5 answers · asked by Robert H 1 in Business & Finance ➔ Other - Business & Finance
NO!!
I DON'T THINK THAT ANYONE CAN FOCE HIM TO SELL HIM 1/3 OF THIS HOUSE. THE THREE OF YOU NEEDS TO AGREE, ON THIS AND THE FACT THAT YOUR BROTHER, LIVE'S THE PROPERTY AND HAS BEING NOW FOR SOME TIME, MAKES IT A LITTLE MORE DIFICULT.
THIS IS A MATTER OF MORAL OVER, MONEY!!! I UNDERSTAND YOUR INTEREST IN SELLING SO LIKE THIS ALL OF YOU HAVE THE SAME SHARE OF THE PROPERTY SELL, BUT IN THE OTHER HAND, IF YOUR BROTHER , LIVE'S THERE FOR DO LONG, WOULDN'T BE HARD FOR HIM TO AGREE ON SELLING, SOMETHING HE WOULD CONSIDERED TO BE LIKE PART OF HIS MOTHER.
AND WHERE THEN HE WOULD BE LIVING??? I THINK THAT REASONONG WITH YOUR BROTHER, AS OF TRYING FOR HIM TO BUY THE 2/3, OF THE HOUSE FROM YOU, WOULD BE THE BEST IDEA!!!
IF HE DOESN'T WANT TO SELL THE HOUSE AS A WHOLE, TO DIVIDE THE EARNINGS, INTO THE THREE OF YOU, THEN YOU SHOULD BE ABLE TO SELL, YOUR PART TO HIM!!! THIS WAY THE HOUSE WWOULD BE HIS LEGAL PROPERTY AND ALL OF YOU WILL BE HAPPY!!
A.Z.
2007-02-28 14:02:54 · answer #1 · answered by Alliv Z 4 · 0⤊ 1⤋
I don't think he can, he may push for your brother to re-mortgage the house and pay him off..
I always think people who behave like your other brother are never happy, and no luck will come with the money. My mother was swindled out of money by her cousin who used it to re-tile her bathroom and get a new bathroom suite.
The tiler ripped her off and the bath leaked.....
2007-02-28 14:16:54 · answer #2 · answered by bee bee 6 · 0⤊ 1⤋
YES..
CAN FORCE SALE OR THEY BUY THE ONE THIRD OUT....
2007-02-28 14:50:19 · answer #3 · answered by cork 7 · 0⤊ 0⤋
shame on him -----no he cant force you to sell the house
2007-02-28 15:22:51 · answer #4 · answered by minty359 6 · 0⤊ 1⤋
no
2007-02-28 13:47:26 · answer #5 · answered by sammyboywonder 2 · 0⤊ 1⤋