QUESTION
my 4 siblings and i were deeded 3 pieces of property. 4 of us want to sell. we are happy to divide the property.
Asked on Nov 20th, 2012 on Real Estate - New York
More details to this question:
5 siblings with 3 properties. 4 want to sell 1 doesn't. the 4 are willing to divide the property. 1 to 1 sib another to 1 sib and last property to remaining 3 sibs. The holdout would recieve the property he has stated he wants. He still will not agree to a sale. We have been debating this issue for 5 years. Do i need a laywer to file a right to partition in NY and can you give ballpark estimate as to cost of filing?
1 ANSWER
1 Award
Yes you need a lawyer. The cost of the case will depend on the manner your holdout fights in court. Starting the case is a few thousand dollars. Finishing it can be uncertain. Usually these cases settle along the way.
Answered on Nov 23rd, 2012 at 6:28 PM