Legal Question in Real Estate Law in Virginia
My 2 sisters and I have ownership of my parents home after they passed ...I live in the house and my sisters have requested a partition from the court ,,,they had an appraiser come out and will appear before the court soon to enter the appraisal ...I live in Chesterfield, Va ...Could you tell me what the remaining steps in the process are...Will I still have the option to buy out my sisters ...how long will I have to be able to move out.....I would greatly appreciate your help
1 Answer from Attorneys
If you're still thinking about buying out your sisters' ownership shares of this property, you should move
forward expeditiously with your offer before any further litigation ensues in the circuit court which
could involve the court setting a date for trial unless there's a settlement between the parties (you and
your sisters).
As for how long you might have to move out of the property if you cannot settle with your sisters, that
would likely involve a numbers of factors, including the time it would take for the matter to proceed in court
to a judicially ordered sale of the property and how long the new owner(s) would be willing to
give you to vacate the premises (among other factors).
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