I own a fourth of a home with my siblings I no longer want the property and they do not have the money to buy me out. Is there anyway I can sell my?

Angelasw2010
Home Seller
Annadale, Staten Isl...

share to an investor? Its a two family, in annadale. Mother/Daughter. I was under the assumption that it might mean I can get an investor like a company take over. If someone buys my shares and the others need the money it might mean the buyer can get a good deal on property in a good neighborhood. Please let me know. I know this is a little unconventional but I really want out of this property

Answers (1)
JOE RUNFOLA, I...
Broker
Staten Island, NY
FIRST ANSWER

Possibly. I recommend legal advice from a licensed New York attorney. If an attorney determines you have Concurrent or Co-Ownership with a tenancy in common then it may be possible for each owner to sell, convey, mortgage, or transfer that interest without the consent of the other co-owners. Again the proper way to approach this issue is with qualified, licensed legal advice including examination of all documentation, not through this forum. Good Luck.

Web Reference: http://www.clovelake.com
Tue Oct 27 2009, 17:55

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