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Questions Answered by Mark Chernoff
1 Answer | Asked in Real Estate Law for Arizona on
Q: One co-owner wants to be bought out. How do you split the equity? The house has appraised for $30K more than purchase.
Mark Chernoff
Mark Chernoff answered on Apr 23, 2017

This would depend heavily on additional details that are not provided. For the purpose of this answer, I will assume the real estate is held by two owners as tenants in common, each with an equal half ownership. If that is the case, the exiting owner's legal option is to sue for partition. The... Read more »

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