Posted by Jk on February 29, 2004 at 21:17:08:
The best thing would be to get everyone to sell and take their percentage of the proceeds. If you cannot get everyone to agree to sell you could try and find an investor that would buy out your percentage at a discount of market value.
Should I sell/rent out? - Posted by Helen
Posted by Helen on February 19, 2004 at 14:07:49:
My step-father passed away three + years ago. His house has been sitting without an occupant. On deed - I own 1/4 share with an estranged sister and 1/2 is owned by an estranged grandaughter. I have been paying the taxes on this property. I do not wish to live there. I would only receive my portion (10-15K) if I were to sell (assuming I could locate other two parties and they agree). Would this be a good rental oportunity? Does any one foresee a ‘tangle’ with legal issues or ‘estranged’ relatives? Any other sugestions are much appreciated. Thank you for your time and experience.