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How does New Jersey Real Estate Lawyer solve Sales disputes for Joint Ownership Properties?4/7/2019 The real estate laws of New Jersey allow the partition or even forced sale of a jointly owned property, in case of disputes over this matter among the joint owners. As a firm filled with experienced real estate lawyers in NJ we have solved many such disputes inside the court and through effective mediation. There are many instances where the parents leave their house in the hands of their children. Suppose there are three siblings and one of them is a resident of the property. Upon the demise of their parents, two siblings want to sell off the house and take their share of the money. While the third sibling, who resides in the house, does not want to sell it. In such a scenario, a long stand off is common. Two siblings in favor of the sale can approach a real estate lawyer in NJ, after they have failed in convincing the third sibling. The lawyer would of course present the unwilling party with a choice of buying the entire property (which can be done through bank loans) to pay off the two siblings in equal share. This would be the easiest solution. However, things are often not so simple, with the unwilling party often remaining too stubborn to budge. In such instances, the real estate Attorney can file an action in the Superior Court of New Jersey, usually in the county where property is located. On presenting the accurate facts, the property would be partitioned and then sold off providing all the parties equal share of the money.
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