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View Full Version : Owning a home with a brother


ponchodivax2
04-30-2007, 07:43 PM
I am the co owner of my parents home with one of my siblings. At the time my mother passed we were a happy family. Since then my family has become very disfunctional. The brother I own the house with and I cannot get along. I moved myself and my children out of the house because I just didnt feel it was a safe envirorment for my children. We are in the process of buying a house of my oldest brother. But I want out of the ownership of my old house. We had the house appraised a year ago for 90,000 I am willing to let him by my half at 30,000. I just don't know if this is something I can do without a lawyer or if I should contact one. My problem is I can't afford one. If anyone has any suggestions I would appreciate it. And my word to the wise, NEVER OWN A HOUSE WITH A BROTHER!!!!!!

realtyrider
08-04-2008, 06:14 AM
Several concerns come to light immediately. If a parent has joint ownership of a house with one child and there are other siblings, the parent may request that the proceeds of the house be evenly divided between siblings upon the parent