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Ask Loren Your Own Question
Loren, Lawyer
Category: Real Estate Law
Satisfied Customers: 34012
Experience:  30 years of real estate practice experience.
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I assumed the loan note from the USDA for my mother home. I

Customer Question

I assumed the loan note from the USDA for my mother home. I been living and paying lamonte note and utilities for 6 years, since my mother death. Now the other heirs wish to sell the home. Do I have any rights as the occupant and co- owner of the property?
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  Loren replied 1 year ago.
Good evening. I am Loren, a licensed attorney, and I look forward to assisting you.
Expert:  Loren replied 1 year ago.
The short answer is that one co owner can not force another to sell the property without an agreement or court order.
In other words, if the other owners can not agree, then any of the owners can file in the court to partition the property and force a sale by order of the court.
Expert:  Loren replied 1 year ago.
The possible outcomes are that the court orders the property sold to a third party and the net proceeds split or the court can allow you to buy out the interests of the others.
Expert:  Loren replied 1 year ago.
You may also recover reimbursement for carrying the expenses of the property formeveryone else, as well.
Expert:  Loren replied 1 year ago.
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