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Updated over 5 years ago,
Shared ownership estate - split by % on sale
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?