Legal Question in Real Estate Law in Virginia
Selling a Co-Signed House
I own a house that co-signed by my sister. But she asked me to sell the house because her credit is not as good as before she co-signed. And saying that it is because of this house. But I think the reason she wants me to sell the house is she wants the half of the profit from selling it. Here are my questions.
1. Can she force me to sell the house?
2. Do I have to give her the half of the profit from selling the house even though I made all the payments?
3. Is there any way to remove her name from the deed?
1 Answer from Attorneys
Re: Selling a Co-Signed House
Question 1- A co-owner can force a sale of the property by a procedure known as "partition". It requires a court order.Question 2. You may be able to claim reimbursement for all expenses paid by you during joint ownership. This may depend on the agreement or arrangement with your sister. Question 3-If she is on title, unless possibly by fraud or some other type of serious misrepresentation, she can only get off by deeding her interest to you. Perhaps you could buy her out? Also, you said she "co-signed". This does not mean she is on the deed. It might be relevant to know how she came onto the title.
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RJS
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