QUESTION
If I own 1/5 of a house, I have asked the remaining owners to buy out my share by indicated that they cannot, what are my other options?
Asked on Apr 04th, 2017 on Estate Planning - New York
More details to this question:
I own 1/5 of a house. I have asked the remaining owners to buy out my share of the home but they have indicated that they cannot. I do not have any use of the house and do not want any claim to it other than my financial share of the house.
2 ANSWERS
Real Estate Attorney serving Garden City, NY
at
Law Offices of Hein, Waters and Klein
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Hire a lawyer to bring a Partition Action for you.
Answered on Jul 02nd, 2017 at 5:08 PM
Estate Planning Attorney serving New York, NY
at
Kleinberg, Kaplan, Wolff & Cohen, P.C.
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You can bring an action in court asking that the court order a sale of the property. It's called partition. We're doing that now in another matter.
Answered on Jul 02nd, 2017 at 5:07 PM