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What options are there if one of the individuals on a mortgage do not want to sell a property

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Post Posted: Tue Nov 10, 2009 2:54 pm    Post subject: What options are there if one of the individuals on a mortga
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Can you hire an attorney to force an individual to sell a home, if they do not have the finances to buy you out or cannot refinance the loan due to credit issues?
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Joined: 25 Mar 2009

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Location: Florida
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Post Posted: Wed Nov 11, 2009 4:40 am    Post subject:
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Hi,

If your name is on the property title, you do have an ownership right to it. You can sell the house, if you want. But if your co-owners do not want to sell the house, they can buy you out or refinance the loan. In case, they cannot refinance or buy you out, you can file a partition lawsuit in court. The court can then order a sale of the house and distribute the proceeds among the co-owners. Discuss this option with a real estate lawyer to know if it applies to your situation.
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