Legal Question in Real Estate Law in Kentucky

Sold estate half to brother

Sold my share of families estate to brother for 35000.00. Bother gave 10000.00 up front. Only ''legal'' document is from his bank stating this was a cash for real estate property trade, with both of our signatures and the bankers signature. Its been 3 years and I haven't seen any more money, he states he doesnt have it. (He is in the process of selling 2 homes he owes currently) Can I sue him for the remainder? Can I sue for interest? I am not close to my brother, but I did assume that a deal was a deal, and didn't feel any additional legal issues needed to be met at time of arrangement. Any help, or suggestions about this matter would be a big help. I live in New York now and the legal issues would be settled in Kentucky. Thanks


Asked on 5/09/05, 7:16 pm

1 Answer from Attorneys
Philip Owens Philip M. Owens, Attorney at Law

Re: Sold estate half to brother

I am not sure what sort of document you received from the bank. Did you execute a deed (real estate)or other document (bill of sale, etc for personal property) indicating transfer, etc.? Generally, if there was an actual transfer for which you have not been paid, you may have a cause of action to bring to the courtroom. I do think that this situation demands a one-on-one consultation with an attorney. There are a lot more facts that I would want to know before proceeding. Since you are in New York, consult your own attorney who can get you in touch with someone in Kentucky who practices in the locality or general area of where this transaction took place. If there was no actual transfer, a different set of questions arise.

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Answered on 5/10/05, 3:40 am


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