Ask Experts Questions for FREE Help !
Ask
    ohendo's Avatar
    ohendo Posts: 3, Reputation: 1
    New Member
     
    #1

    Jun 10, 2007, 05:16 PM
    Can beneficiaries force a sale?
    Two sisters share ownership of a home. One sister passes away, leaving her interest in the home to one of her daughters.
    Can this daughter force a sale of the home in order to obtain her inheritance?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #2

    Jun 10, 2007, 05:22 PM
    It will depend on the states laws, but normally no. Now again they can stop the other person from renting it, or living in it. That is why of course many such homes sit empty for years and years.
    RubyPitbull's Avatar
    RubyPitbull Posts: 3,575, Reputation: 648
    Ultra Member
     
    #3

    Jun 10, 2007, 06:04 PM
    Fr Chuck, isn't the "interest" in a home dependent upon the deed? If the two sisters were indeed co-owners of the property, usually there is a right of survivorship. Unless there was a special clause in the deed that allowed each owner to leave their ownership portion to an outsider, the full ownership would transfer to the surviving owner. So, the deed would have to be looked at carefully. The interest left to the daughter may be on paper only and leave her with no legitimate claim to the property.

    Now, if the deed does allow for each owner to leave their portion to another, then it would depend on state law as to what can be done. The best thing to do would be to consult a real estate attorney in your area. There are some instances in which a sale can be forced. Without knowing more details, it is hard to say in this case.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #4

    Jun 10, 2007, 06:35 PM
    Yes I am assuming that this deed was listed that way, for that share to be inherited,

    I was not questioning if that person even had a legal right to it,

    But yes, depending on how the deed was written, on many it is by survialship, if the one dies, the other owner gets full ownership and no one else has a claim to it.

    Since they said the other person was to inherit the others share I merely assumed ( my mistake) they already had checked this and new this was a fact.

    But yes, on many deeds it is common for the one person to die, that their heirs do not inherit anything, but the ownership goes fully to the other person left on the deed.
    bushg's Avatar
    bushg Posts: 3,433, Reputation: 596
    Ultra Member
     
    #5

    Jun 10, 2007, 06:47 PM
    From what I have read up on this as,we are in the same situation, she can force a sale only after she gives the co-owner a chance to buy her out but this must be in contract and sent to her by legal means. Not just on her say :) at least in Ohio

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Confederate air force/ Commemorative air force [ 5 Answers ]

Are Lefty Gardner and Lloyd Nolan still alive? If so where can I find good information on the start of the Confederate Air force on line. There is a lot of info on the new Commemorative Air force, but very little on the old.

Curved force? [ 3 Answers ]

Simple question and a current argument between myself and a friend. I say a curved path of an object be it parrabola trajectory or spinning object around central point consists of several forces that sum to make a resultant path which may be circular, orbital or paraobolic trajectory. My...

Centrifugal force [ 6 Answers ]

Why is centrifugal force called pseudoforce?


View more questions Search