A: You can sell all or a part of any interest in real estate that you own unless you are restricted by an agreement not to.
Selling your half would not change your liability for any loan you signed for, even though you no longer own part of the house.
How do I sell my half of a jointly owned house?
If you and the co-owner hold the property as tenants in common, then you simply sell your half of the house. If it’s deeded as “tenants in common,” you can do that. On the other hand, if you and the other owner hold the property as joint tenants, you each own a non-divisible interest in the property.
How do you sell a house with multiple owners?
Selling a House with Multiple Owners: Plan Ahead, and Avoid Court if You Can
- Set up your ownership agreement for a successful sale down the line (super important!)
- Share costs until the house sells.
- Find neutral representation so no one feels slighted or that others will be favored.
Do all owners have to agree to sell a house?
Short answer is all must agree to sell the property. Each can individually sell their interest but that just makes someone else a 1/3 owner. You can force sale via a partition suit.
Can I sell my house if my partner doesn’t want to?
If Your Partner Refuses Permission
If you want to sell and your partner doesn’t (or vice versa), one person can begin an action of division and sale in court. However, the other party can petition the court to a division of the proceeds, or to buy the place at a market price or one decided by the court.
What is a forced sale?
Sale of property where the seller in unable to allow current market prices an conditions determine the actual selling price.In a forced sale, the property owner is selling under duress complying with court judgment specifying a specific sale date and other judicially determined sale conditions.
Can I be forced to sell my home in a divorce?
And the short answer is, “Yes.” The court can force you to sell your home because they have the authority to transfer property from one spouse to another or to order property sold pursuant to a dissolution of marriage. This mostly comes up in one of two ways.