Legal Question in Real Estate Law in North Carolina

Re: real estate

If the property is located in North Carolina, then you need to speak with, or post this to attorneys in North Carolina, as the issues of ownership, partition and resolution of the problem will be governed by NC law, and as I am not licensed there, I cannot advise you.

If the property is located in California, depending upon the vesting, the property is most likely held by the seven of you as tenants in common. In that case, any one of the seven can file an action to "partition" the property - in effect sell it and split the proceeds. Since six of the seven want to sell, and the seventh wants to buy, why don't the six agree to sell to number seven, have it appraised by two or three appraisers (perhaps one selected by the buyer, two by the six selling owners) and average the three appraisals? No, without a power of attorney or other legal instrument giving one of the parties power to sign for the others, all must sign to sell it. It seems to me that the simplest solution is to sell to number 7.

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