What is the name of your state? Louisiana
4 of us inherited my grandfather's estate, over the past 5+ years it has been surveyed into 6 parcels, 4 of which have been sold including his house. Now one owner wants to buy the remaining 2 parcels for only 25% of their appraised value. I have tried to negotitiate with her to buy me out of my 1/6 undivided interest, but she is not negotiating in good faith. If I have to file a partition suit, and the land cannot be divided 'in kind', is there still a chance we could have a private sale before the auction date? How will the judge determine the opening bid? If we have both gotten appraisals, will he perhaps take the average of the two?
4 of us inherited my grandfather's estate, over the past 5+ years it has been surveyed into 6 parcels, 4 of which have been sold including his house. Now one owner wants to buy the remaining 2 parcels for only 25% of their appraised value. I have tried to negotitiate with her to buy me out of my 1/6 undivided interest, but she is not negotiating in good faith. If I have to file a partition suit, and the land cannot be divided 'in kind', is there still a chance we could have a private sale before the auction date? How will the judge determine the opening bid? If we have both gotten appraisals, will he perhaps take the average of the two?