If I co-own a house with my sister and would like her to buy me out, what should I do?
Question Details: The deed says that I own 50%. We haven't spoke in years.
You can file for what is known as a "partition" action. In such an action, the court will order that the property be divided if possible. if not, such as in the case of a single familyhouse, then the court will order a "sale in lieu of partiton". This obligates the owners to place the property up for sale to the general public. In the case of a house, this means putting it on the market. First, however, any owner who wishes to keep the property has the right to buyout the other owner(s) for fair market value.
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