I jointly inherited my late mothers property with my 2 brothers about 2 years ago. Last year we had an offer on the property I wanted to take but they didn't feel it was a fair offer and refused to sell. Since then the property has lost even more value thanks to the economy and mortgage crisis. How do I get out of this situation if they refuse to sell?
2 Answers from Attorneys
Just because the three of you cannot decide on a sales price does not mean the property will never be sold. You can bring an action to partition the property and force it's sale. Speak to a real estate attorney in the area the property is located.
You could partition the property. Since you are family, it would be a good idea to sit down and try to talk it out first. Regards,