Legal Question in Real Estate Law in California
Selling half ownership in a house
I own half share in a house with my friend. I don't live there now but he still does. How can I get the house out of my name/credit. Can I sell it, or do I have to quit clim it in his name?
3 Answers from Attorneys
Re: Selling half ownership in a house
You can only sell what you own - some kind of joint tenancy, JTROS, etc. In order to change the owner, the property would have to be deeded, which would probably have to be done jointly by you and your friend. However, if there is a mortgage, it may be a violation of that loan to transfer ownership.
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The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.
Re: Selling half ownership in a house
Where is the house located? If its in GA, you'll need to get advice from a GA attorney - I can't tell you what rights or obligations you have with respect to GA law. If it is a CA property, you may wish to repost this so stating.
*Due to the limitations of the LawGuru Forums, The Gibbs Law Firm, APC's (the "Firm") participation in responding to questions posted herein does not constitute legal advice, nor legal representation of the person or entity posting a question. No Attorney/Client relationship is or shall be construed to be created hereby. The information provided is general and requires that the poster obtain specific legal advice from an attorney. The poster shall not rely upon the information provided herein as legal advice nor as the basis for making any decisions of legal consequence.
Re: Selling half ownership in a house
Where is the house located? If its in GA, you'll need to get advice from a GA attorney - I can't tell you what rights or obligations you have with respect to GA law. If it is a CA property, you may wish to repost this so stating.
*Due to the limitations of the LawGuru Forums, The Gibbs Law Firm, APC's (the "Firm") participation in responding to questions posted herein does not constitute legal advice, nor legal representation of the person or entity posting a question. No Attorney/Client relationship is or shall be construed to be created hereby. The information provided is general and requires that the poster obtain specific legal advice from an attorney. The poster shall not rely upon the information provided herein as legal advice nor as the basis for making any decisions of legal consequence.
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