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Updated over 6 years ago on . Most recent reply
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Family Property Dilemma
My mom and her siblings inherited my grandparents' house and 40 acre farm outside of Salem, OR. It is currently occupied by my unstable Uncle who neglects it to the point that it is falling apart without any repairs being done. In order to preserve the house my mom and her other two siblings are hoping to buy him out to take full possession in order to renovate. Although, he might not be willing to sell his share, due to arrogance and pride.
The properties value is estimated in the 550K range, but I'm thinking from a cash-flow perspective. What are the potential cash-flow opportunities available with a rural Oregon farm that has grown Christmas Pine Trees in the past, and on what legal grounds can 3 partial owners remove a single partial owner from the premise in this case? Any advice would be much appreciated by me and my family.
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@Charlie Pioli You need a local attorney.
Here in MA, the parties wanting to sell can file a "petition to partition" in the probate court. That's a motion asking the court to force the reluctant party to sell. Here's some information on MA law:
https://www.malawforum.com/content/does-petition-p...
I suspect OR has something similar.