Posted on: 27th Dec, 2008 01:35 pm
10 years ago I put my estranged niece-in-law on my house deed and know she owns 1/4 of my house . She has never paid anything on the house-nothing. I want to sell the house. do i need her to sign off on anything. i cannot afford the house i owe more than it is worth and she cannot afford to buy the house she just wants to move in the upstairs apt, but i have a tenant there. The problem is that she thinks the house is worth more than what is it( house is worth 10,000. maybe)can i just sell it and give here her fair share?she refuses to beleive that the house is worthless. what are my legal rights? what can I do . I need help ASAP.thank you
Hi niki!
Welcome to forums!
As her name is on the title of the property docs, you will have to take her signatures in order to sell off the property. If she is not ready to sell off the property, then you can try for a partition lawsuit. In this process, the court will sell off the property. Once the property is sold, the mortgage will become due. Thus the mortgage needs to be paid off first from the sale price of the property. The remaining money, if any, will be distributed amongst both of you.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
As her name is on the title of the property docs, you will have to take her signatures in order to sell off the property. If she is not ready to sell off the property, then you can try for a partition lawsuit. In this process, the court will sell off the property. Once the property is sold, the mortgage will become due. Thus the mortgage needs to be paid off first from the sale price of the property. The remaining money, if any, will be distributed amongst both of you.
Feel free to ask if you have further queries.
Sussane