Legal Question in Real Estate Law in Illinois
if a house is a joint-tenancy/paid in full property, can one owner sell his 50%
to someone else?
Asked on 7/13/10, 6:46 am
2 Answers from Attorneys
Caroline Palmer
Law firm of Caroline Palmer
Yes. The new owner would become a tenant in common with the owner who remains.
Answered on 7/13/10, 10:08 am
Yes. However, that may be difficult to do. You might want to look into selling to the other joint tenant.
Answered on 7/13/10, 10:27 am