What to do about the purchase of inherited poperty by one of the owners?
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What to do about the purchase of inherited poperty by one of the owners?
I have a condo that I am 25% owner of with 3 other siblings on the deed. I have been here for 10 years giving nursing care to my father, who has since passed away (8 months go). The Will stated that the condo should be able to be first purchased by a sibling at fair market value. The estate will be finallized by next week. Our verbal agreement is that I will remain at the property, pay the condo fee, lights, heat etc until this is resolved. I had a more than fair purchase agreement proposed to them to get the ball rolling. In fact, 2 of the other 3 signed it. That was just a few weeks ago. However, my brother’s wife called my bank and tried to sabatoge my arrangement.
Asked on December 11, 2012 under Real Estate Law, North Dakota
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
Given the problem that you have written about I suggest that you sit down with your other three siblings to try and iron out the matter and reach an agreement as to your purchase of the unit. If you cannot reach an agreement then you will need to place the unit on the market via a probate sale.
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