Posted on: 21st Jun, 2010 05:42 pm
I am co-owner of a property in Greenwood, Indiana. There are 5 other owners on the deed (six names in total on the property deed, with my stepmother having "life estate" in the property (formerly my father's house). Can I sell my sixth of the home to someone else? Do I need the approval of the other 5 names on the property's deed?
Hi piecemaker!
Welcome to forums!
You can sell your share of the property to someone else. However, you will have to inform the other co-owners about the same. As far as I know, you would require the approval of other 5 owners of the property while you transfer your share of the property to someone else.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You can sell your share of the property to someone else. However, you will have to inform the other co-owners about the same. As far as I know, you would require the approval of other 5 owners of the property while you transfer your share of the property to someone else.
Feel free to ask if you've further queries.
Sussane