mother left siblings joint ownership of home, one wants to sell at any price, can other be forced to sell below market or do they both have to agree. It is out of probate ond we have the deed in both names..wanted me to go down 9,000 on 89,000 house, i said no..now looking to sue me..is this legal?
2007-12-18 10:11:31 · 7 answers · asked by leigh m 3 in Business & Finance ➔ Renting & Real Estate
What usually happens in these cases is a judge will order both parties to get the appraisals and the initial list price is met in the middle.
If an offer comes in for below the list price, then sometimes the judge will order an independent party to negotiate the sale, and any losses are split between the parties.
One owner cannot sue the other or force them to go down on the price.
2007-12-18 11:26:05 · answer #1 · answered by Expert8675309 7 · 1⤊ 0⤋
Each joint tenant must sign the deed to the buyer.
Are you willing to buy out the half you do not already own? This may satisfy your sibling and allow you to go your own way with this property.
Your sibling could sue you to sell your half but that is not a good decision for a family to sue each other.
2007-12-18 10:40:15 · answer #2 · answered by William H 5 · 0⤊ 0⤋
She can sue you for any reason. However the cost of her suit will not be worth the loss of her half. Because the two of you will lose. The attorney`s will get far more in the long run. Tell your sibling that she can take the 9k. less on her end and you will be just as happy to keep the rest. Best of luck. ( i hate in when family members do not work together when one losses a parent)
2007-12-18 11:18:18 · answer #3 · answered by Big Deal Maker 7 · 0⤊ 0⤋
do no longer you basically hate criminal questions the place the guy won't be able to be stricken to declare which jurisdiction they are in? permit's assume it is England simply by fact, properly for no different reason than i'm, yet while it is in Pakistan you're on your guy or woman. The executors have an obligation to the beneficiaries to maximise the fee of the valuables and execute the will. If somebody is residing in the valuables then they ought to be paying lease to the valuables and clearly all different linked costs. The execution of the will won't be able to be annoyed except ALL beneficiaries agree, and then the tax guy will want an added slice for capital advantageous factors maximum in all possibility. Is the brother residing there an executor? If he's he's committing a criminal offence for complicated the execution of the will, if he's no longer an executor then it is not something to do with him, basically get a court docket order to throw him out (pending leases and so on). in case you're in England flow see a solicitor, costs ought to be offered against the brother. in case you're actually not it is your guy or woman fault for no longer announcing the place you're and that i basically wasted my time. ETA i don't understand something with reference to the Irish loose State. See a lawyer or maybe though you have there. it's going to basically fee some hundred euro, some months lease the brother is paying to stay in the abode.
2016-11-23 13:11:02 · answer #4 · answered by nastasi 4 · 0⤊ 0⤋
"below market value" may come down to a judge to decided, if so is it worth the monies spent on a lawyer to try and defend your value versus what it may sell for in reality
2007-12-18 10:40:05 · answer #5 · answered by goz1111 7 · 0⤊ 0⤋
sounds like your sibling is really hard up for cash. does she have a lot of debt? i hope you guys can patch things up.
2007-12-18 13:21:59 · answer #6 · answered by njyogibear 7 · 0⤊ 0⤋
actually...i dont know the answer to that one. sorry :(
2007-12-19 09:45:54 · answer #7 · answered by Kylie M 1 · 0⤊ 0⤋