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If the other part owners do not want to sell the property one of the tenants in common can petition the probate court to Partition the property. In that case, it will be placed under the authority of the court, a commissioner will be appointed and the property will be sold with the net proceeds divided amongst the heirs or beneficiaries. It is a costly procedure. If the other owners want to keep the property it may be better to offer to purchase the interest of the one who wants to sell.
What else can I help you with?
Can siblings force a sale of inherited property in Indiana?
It depends on how the estate was distributed. If the property was left to a specific person, no, they cannot force the sale. If it is part of the estate in general, they can force the sale or require the person who wants it to pay them for their share.
Once an estate is closed and the beneficaries are equally deeded the house. Can the exuctrix take money from the sale proceeds to pay other beneficaries not paid before the estate was closed?
if the house is sold can that money be divided before the total estate is closed
How do you force the sale of real estate property inherited in North Carolina?
That's the decision of the executor of the estate.
When a court order to force the sale of real estate to pay a judgment is called?
A court order to force the sale of real estate to pay a judgment is typically referred to as a "judicial sale" or "sheriff's sale." This process allows for the property to be sold in order to satisfy the outstanding judgment that the owner owes.
Where can one find homes for sale in Tallahassee?
One can find homes for sale in Tallahassee from real estate agent or real estate sites online, Century 21 and Home Finder offer home listings in Tallahassee.
Can a sibling not pay anything on outstanding mortgages in an estate and still expect 50 percent when the estate is closed?
The person making the payments can make a claim against the estate. It may result in the non-paying sibling getting a greatly reduced share. It may even force the sale of the property, and the paying sibling can purchase it at Fair Market Value.
What are some common ways to indicate that a home that is for sale?
The best way to indicate that a home is for sale is to put a for sale sign on your front lawn, which is usually placed there by the real estate agent with whom you are dealing with to sell your home!
How can one sell their home in the Houston Texas real estate market?
The normal way to is to contact a real estate sales company who will list and advertise your home for sale. They will find prospective buyers and help you move through the sale process. They do charge a percentage of the sale price for a fee.
How does commission work when selling a home For Sale By Owner?
When selling a home For Sale By Owner, the seller typically does not pay a commission to a real estate agent. Instead, the seller handles the sale process themselves and keeps any money that would have gone to a real estate agent as commission.
How does probate handle the sale of a home?
If the person who owned the home is now deceased, that person's estate must be probated before the home can be sold. Probate is what authorizes someone representing the estate of the deceased person to sell the home.
Define wholesale real estate?
Whole sale real estate Most homes are purchased by individuals who go through a local real estate agent. A smaller percentage purchase a home that is offered for sale by the homeowner, without intervention of an agent.
What is the real estate definition for an estate sale?
An estate sale is a type of sale or auction to dispose of the majority of the materials owned by a person who is deceased or will be moving.
