Legal Question in Real Estate Law in California

House

My dad and I bought a house in the 90's as joint tenants. I married and in 2002, my wife was included as a joint tenant in the grant deed. My dad is getting married and does not want to sell but instead wants to buy us out. Will my wife as a joint tenant be included in the calculation process? Do we need to seek an attorney to structure the buy-out to make certain that there will be no doubts and confusions with regards to the percentage the partitions will be between us?


Asked on 8/11/06, 2:55 pm

1 Answer from Attorneys
Robert F. Cohen Law Office of Robert F. Cohen

Re: House

The amount he pays is negotiable. Whatever you all think is fair is what he should pay. If not, then you'll continue to hold title. In that case, you should consult a real estate attorney to convert title from joint to tenants in common to protect your interest in the property.

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Answered on 8/11/06, 6:25 pm


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