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Can I sell my "share" in a deeded property to me?

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Icon Mini Profile piecemaker316





Joined: 21 Jun 2010

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Post Posted: Mon Jun 21, 2010 5:42 pm    Post subject: Can I sell my "share" in a deeded property to me?
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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?
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

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Location: Alaska
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Post Posted: Mon Jun 21, 2010 9:15 pm    Post subject:
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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
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