What are a co-owner's rights to sale proceeds?
Question Details: My father and I are both named on the deed to a condo. He wants to sell the property and keep all the proceeds for himself. Is my signature required in order for him to sell. Is my signature required on real estate documents before he can sell property if both of our names are listed on the title?
1) If you are co-owner, your consent (e.g. you signature) is required to legally sell the property; real estate cannot be sold by some owners, but require all to agree to the sale.
2) You are entitled to a share of the proceeds (after paying costs of sale and paying off any mortgages, HELOCs, etc.) equal to your ownership interest. If you and your father are the two owners, you're each 50% owners, so you're entitled to 50% of the proceeds.
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