Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply presented by

User Stats

69
Posts
10
Votes
Paul Farley
  • Canton, OH
10
Votes |
69
Posts

Shared ownership estate - split by % on sale

Paul Farley
  • Canton, OH
Posted

Hi everyone.

I am in the early stages of selling my home and before I listed it, I just wanted to be sure of the following.

My sister and I inherited my mother's home at 50% each. My sister ended up not wanting to continue paying the mortgage and didn't want to put any repairs into it. I ended up paying off the mortgage and putting repairs into the house. Therefore, my sister and I filled out a quit-claim deed and had it notarized that I would own 65% and she would own 35%. I then filed it the local deed office (Canton, OH). The deed office accepted it.

Before I sell the house, I wanted to be sure that I would receive my share of 65% at closing.

Does anyone see any issues that may potentially come up?

Loading replies...