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Q & A
Mortgage Terms
Clients Corner
Area
Information
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Tenants-In-Common and
Co-ops
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Q: |
Where do I get
information on co-ops? |
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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? |
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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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