Legal Question in Wills and Trusts in Alabama
warranty deed in two names
My brother & I have a warranty deed in our deceased parents house and can't agree on anything. How do we handle this
Asked on 1/20/08, 12:07 am
1 Answer from Attorneys
Jack Carney
The Law Office of Jack Carney, LLC
Re: warranty deed in two names
You can come to an agreement that one of you will buy the home or you can agree to sell it to a third party and split the proceeds. If you can not agree on a plan, either one of you can petition a court to sell the house and then the proceeds would be divided between the two of you. If one party petitions a court to sell, the other party will have to go along with it or buy the house at a fair market price determined by the court.
Answered on 1/20/08, 9:30 am