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House selling question
Old 07-29-2006, 12:40 PM   #1
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House selling question

I was curious if anyone has ran into this situation. If two parties own a house 50/50. One party decides that when they pass away they will leave half of their half to the other orginal party but leave the remaining portion which is 1/4 to a new party. That can the person with 3/4s ownership control if the property is sold or not?
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Re: House selling question
Old 07-29-2006, 01:35 PM   #2
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Re: House selling question

See the following links:

Concurrent estate
http://en.wikipedia.org/wiki/Tenants_in_common

Partition (law)
http://en.wikipedia.org/wiki/Partition_of_the_property


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Re: House selling question
Old 07-29-2006, 03:24 PM   #3
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Re: House selling question

Thanks. Looks like it will be a tricky situation
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