Selling %'s of co-owened property

vicckav · Oct 7th, 2009, 02:25 PM

OREGON Iam co-owner of a 3 acre lot with house with my 2 sisters and 1 brother, and have been living on the property in the house since my uncle died in 1994. My share was 20% and they each had 24.6%. In 2006 I sold 8% of my 20% to a friend at between $650.00 and $1000.00 per %,and did not tell my sisters and brother about it. Well about 3 months ago they found out about it and are very upset with me, also that person is no longer a friend of mine for other reasons. My question is: Was it legal for me to sell those 8% without the co-owners consent?

forum_admin · Oct 11th, 2009, 01:30 PM

Yes it was...but now he has to work with them to deal with the property etc. and if they all cannot agree they have to go to court.

Oct 7th, 2009, 02:25 PM	#1
vicckav Junior Member Join Date: Oct 2009 Posts: 2	Selling %'s of co-owened property OREGON Iam co-owner of a 3 acre lot with house with my 2 sisters and 1 brother, and have been living on the property in the house since my uncle died in 1994. My share was 20% and they each had 24.6%. In 2006 I sold 8% of my 20% to a friend at between $650.00 and $1000.00 per %,and did not tell my sisters and brother about it. Well about 3 months ago they found out about it and are very upset with me, also that person is no longer a friend of mine for other reasons. My question is: Was it legal for me to sell those 8% without the co-owners consent?

Oct 11th, 2009, 01:30 PM	#2
forum_admin Forum Administrator Join Date: Jun 2007 Posts: 1,242	Re: Selling %'s of co-owened property Yes it was...but now he has to work with them to deal with the property etc. and if they all cannot agree they have to go to court.

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Selling %'s of co-owened property

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