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Infolawyer
Infolawyer, Attorney
Category: Estate Law
Satisfied Customers: 53904
Experience:  Licensed attorney helping individuals and businesses.
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My sisters and I share ownership of some real estate as the

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My sisters and I share ownership of some real estate as the heirs of my late parents. However the financial burden of maintenance and property taxes has been left on me alone. financially I can not continue and I am in a position that I need compensation for the last 5+ years of investment. What are my options?

Daniel :

Hello and thank you for the question. I am sorry to read of this dilemma.

Daniel :

A few options

Daniel :

You can seek to sell your interest to other owners or in market through a broker

Daniel :

you may all seek to sell together

Daniel :

you may seek to lease out part or all of the premises

Daniel :

If you cannot agree on a sale and some of you wish to do so an action for partition is possible

Daniel :

where the court can order a sale and divide the proceeds

Customer:

Will I be able to recieve the portion of taxes and mainientace I paid also?

Daniel :

Yes

Daniel :

if you overpaid that has to be credited

Daniel :

there has to be an accounting to make sure everyone pays and gets equal share

Daniel :

taking into account payments made

Daniel :

i wish you the best.

Customer:

thank you

Daniel :

very welcome

Daniel :

kindly click on an excellent rating

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