|
Back
to FAQ's
Frequently
Asked Questions
Buying
a Home - Q & A
Tenants-In-Common and Co-ops
Q:
Where do I get information on co-ops?
A: For information on co-operative housing, contact
the National Association of Housing Cooperatives, 1614 King
St., Alexandria, VA 22314; (703) 549-5201.
Q: Can a co-owner force someone off a shared deed?
A: In some states, a co-owner often can force
the sale of a shared property by filing a so-called partition
action. In such a situation, if the severance is granted, the
property would be sold and the owners would split the proceeds
proportionate to their interest in the property. You should check
your title for any references to such a severance action. You
may need to consult a real estate attorney.
|