Re: Removal of names from deed - Landlord Forum thread 306628

Re: Removal of names from deed by Lighthope (WA) on October 29, 2013 @18:08

> How do I remove their name from the deed if they don't
> want to sell their share.

You can't.

This is going to be a cruel, expensive lesson. Don't buy property with people without a contract detailing your rights and responsibilities.

Lighthope

Pearls of Wisdom - "A little nonsense now and then is relished by the wisest men." - Willy Wonka

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Re: Removal of names from deed by Nicole (PA) on October 29, 2013 @19:14	[ Reply ]

of course you can have them removed ...you were right about cruel and expensive. it's called a partition action. you file a law suit and you end up buying them out - you absolutely need a lawyer to advise you

Re: Removal of names from deed by Lighthope (WA) on October 29, 2013 @21:48	[ Reply ]

Her question, and perhaps I misinterpreted it, sounded as if she just wanted to remove the other parties from the deed. Not partition the property. Would a partition action even allow the OP to keep the property? Not just force a sale and divvy up the proceeds? Lighthope Pearls of Wisdom - "Sometimes you have to burn your hand to learn that the stove is hot." - The Doctor (Doctor Who: The Price of Paradise)

Re: Removal of names from deed by Nicole (PA) on October 30, 2013 @08:58	[ Reply ]

a partition action would allow any of the parties to eventually pay off the others and retain ownership- if the price can be worked out. Since the parties can't agree, the judge makes the ultimate decision. Most times, by the time the court fees & attorney fees are paid, working it out yourselves is much more affordable. Of course, someone must have the available funds, the ability to obtain financing, or (not likely) work out a private payment plan with the other owners. If you like real estate "stuff", google "push pull agreement" - for a nerd like me, it is the coolest thing ever !!