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Tenants-In-Common and Co-ops - Q & A
| 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. |
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| 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.
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Copyright 1999 Inman News Features
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