Q: want to get out of co-ownership of house in Colorado Springs. My sister and brother are co-owners
My brother lives in the house. I want him and my sister to be co-owners . How do I get out of this situation the simplest way possible. Am willing to sell it to my sister for $1.00 or whatever is required.
You need to talk to an attorney ASAP. Believe it or not, you may be in a really good situation since you all currently agree. Once, everyone disagrees it becomes a nightmare.
If you want off the property, you may be able to sell or gift your interest to them. Either way, you want a contract, and you will need all the associated real estate documents. Most real estate attorneys should be able to handle this. I practice in this area as well. Please feel free to reach out.
Please be aware that any answer is based on all the events occurring in Colorado. Further, please be aware that this is not legal advice. This is generic information intended to help the reader develop questions to ask an attorney when they are ready. Each case is different. Anyone reading this answer in need of legal advice should contact an attorney.
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