Bought house with someone .We are not married one wants to sell other doesn’t
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Bought house with someone .We are not married one wants to sell other doesn’t
Bought a houses in Florida with someone.We do not get along I want to
sell she doesn’t
Asked on May 2, 2018 under Real Estate Law, Massachusetts
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
When co-owners cannot agree as to whether or not to sell, then those who want to dispose of the property can go to court and file an action in "partition". In such an action, the court will order the property sold in feasible, if it is not, then it will order a "sale in lieu of partition". Pursuant to this, the property will be put on the market and sold for fair market value. The proceeds will then be equitably disributed. First, however, before being offered to 3rd paties for sale, any owner(s) who wants to buy out the other owner(s) can do so, again for fair market value.
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