Five children own the parents home and are selling the house themselves. Do we need a lawyer to all sign off? How do the five of us proceed with the selling of this home?
1 Answer from Attorneys
Get a letter report of title from any WI title company for the answer to your question, and ask them what the requirements would be to convey clear title to a voluntary purchaser. The answer is probably yes, all owners would need to sign. The five of you should therefore start by retaining one lawyer to represent all of you for this transaction. If any of the five have judgments or other liens against them, their share of sales proceeds will go first to the lien holders. Other problems could also become apparent, such as a possible need to probate the estates of deceased owners. If the title is ready for sale, the lawyer will probably retained a licensed WI Realtor to market the property.
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