Legal Question in Real Estate Law in Georgia
A Grandparent left a piece of property with a house on it to me and my two other siblings. I no longer want the property, one other sibling doesn't care and the other sibling wants the property but is "all talk" when it comes to actually having to pay or improve anything. I'm getting tired of having to fork out money for this piece of property just because one sibling wants it, though is unwilling to contribute. How can I get out of this? I don't want to sign over my portion to the other siblings and they could not afford to buy me out (even if the price was below fair market price. Can I force the other two to sell somehow?
2 Answers from Attorneys
The answer is bring a partition action. In partition, the court sees if the property can be divided and if not, it is sold to the highest bidder and the money is divided, unless the attorneys are able to work out an arrangement where your siblings buy you out.
Talk to a real estate attorney in the county/state where the land is located about a partition action.
Your other choice is an expensive one. You can pay a lawyer to sue the other parties for partition. Eventually the court forces an auction sale, which usually costs everyone a lot of money unless everyone agrees (both by the sales price being depressed and by paying for three lawyers).
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