real estate/joint w/sis

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my sister&I are joint owners only on deed.
she has never paid(loan/taxes)or lived here
we bought in 1986,she gave$4,000.down.now she
wants me to sell & give her &115,000.!! can she do this?? PLEASE HELP!!!!!cuca7835

 

[Tracey]

Call a local real estate attorney and ask if joint tenants or tenants in common are entitled to an accounting when property is sold. In an accounting, each owner proves how much she put into the property and is reimbursed for the 1/2 of expenses the other owner should have paid. Profits get divided up in proportion to ownership share.

Also, you need to find out if the deed lists you two as joint tenants or as tenants in common. Joint tenants own land equally. Tenants in common can own unequal shares.

Good luck

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This is not legal advice and you are not my client. Double check everything with your own attorney and your state's laws.

[This message has been edited by Tracey (edited April 28, 2000).]