Greg Mucha
Coldwell Banker Honig-Bell
14035 S Bell Road
Homer Glen, IL 60491
Cell:630-546-7877
Business:708-301-4700
Fax:630-786-3184

Buying Your Home - Tenants-In-Common and Co-ops

Where do I get information on co-ops?
For information on co-operative housing, contact the National Association of Housing Cooperatives, 1401 New York Avenue Northwest, Washington, D.C., 20005-2160; (202) 737-0797.

Can a co-owner force someone off a shared deed?
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.

Copyright © 2010 eNeighborhoods.    Terms | Login
Greg Mucha - Coldwell Banker Honig-Bell
Office: 708-301-4700   Fax: 630-786-3184   Mobile: 630-546-7877