partition action specifics

[markincalif]

What is the name of your state?Calif

Can one "partner" purchase the property when the court orders it sold? Or does it have to be purchased by a third party? We would like to buy it but our co-owners seem to think the property is worth much more than we do.

[BelizeBreeze]

Once the current appriasal is completed and a price set, anyone can make an offer. If you think your partner is inflating the price, have a real estate attorney make the offer for you. That way, you don't have to reveal your identity until closing

Originally Posted by markincalif

What is the name of your state?Calif

Can one "partner" purchase the property when the court orders it sold? Or does it have to be purchased by a third party? We would like to buy it but our co-owners seem to think the property is worth much more than we do.

Anyone can purchase the property at a forced sale. The court will order an appraisal and the land will have to be sold at a price in that range (states vary).

[HomeGuru]

Originally Posted by BelizeBreeze

Once the current appriasal is completed and a price set, anyone can make an offer. If you think your partner is inflating the price, have a real estate attorney make the offer for you. That way, you don't have to reveal your identity until closing

**A: or just make the offer as part of the partition settlement prior to trial.