Q: We purchased a property in Nevada with another person how does the money get split when sold 2 on loan 3 people on the
Title
A: Unless there is an agreement amongst the three owners, there is no deal as all will not convey title. If there is a Partition Action, the Court will probably pay off the debt and expenses first, and then divide the proceeds three ways. The third party is probably a tenant in common on the title, but only the property is subject to the debt, not him.
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