What is the name of your state (only U.S. law)? Massachusetts
I have jointly owned a vacation home in Maine for the past 10 years or so with a relative. This home was given to us as part of a will and legally transfered into both our names as co-owners. I have not used the house in years and wish to sell it. I have offered to sell my half but was declined so now I would like to offer to buy the other half. I am willing to give a reasonable offer based on an appraisal. What is the initial procedure, do I need to fill out a P&S or can it be as simple as a notarized letter?
Any advice would be appreciated. I want to follow a proper legal procedure, as many past attempts to resolve this have been met with resistance.
Thank you.
I have jointly owned a vacation home in Maine for the past 10 years or so with a relative. This home was given to us as part of a will and legally transfered into both our names as co-owners. I have not used the house in years and wish to sell it. I have offered to sell my half but was declined so now I would like to offer to buy the other half. I am willing to give a reasonable offer based on an appraisal. What is the initial procedure, do I need to fill out a P&S or can it be as simple as a notarized letter?
Any advice would be appreciated. I want to follow a proper legal procedure, as many past attempts to resolve this have been met with resistance.
Thank you.