Selling family home

[tentmadam]

Re: First refusal

Thank you I don't think even they would try that!

[tentmadam]

Does anyone have priority

Hi again,my mother died 5 years ago no will house/land left to my sister and I.For 5 years my husband and I have looked after and maintained property with virtually no input including bills and repairs to the house.My sister has now died and her 3 children are to inherit her half(they never visited the property to do anything during the 5 years).We have tracked down the solicitor dealing with probate (weren't told) to submit bills amounting to thousands.

We would like to buy them out(we are able) as my parents are buried at the house(my husband and I are the only ones who have maintained the graves) and it has been in the family since the 50's.All holidays spent there since childhood etc.etc.My nephew has started playing games saying that he would like to buy the property(he is a builder) he is worried that we will buy it"cheap" and that it will be worth alot more in the future.He seems to think their half is bigger than our half!
If it went to court we would be looked on more favourable due to the fact that the roof would have fallen in if we hadn't carried out the maintenance work?

[ssparks2003]

Re: Does anyone have priority

No, the courts will look at the percentages of the claim being 50% you, 16.66% each child of your sister. What you spent while the house was owned by your sister and you is of no concern to the court.

[tentmadam]

Re: Does anyone have priority

Thank you!

[tentmadam]

Being informed

Hello again, please can anyone inform exactly what I am supposed to be informed about being the joint owner(tenants in common) of a property and the other owner has died. They are a relation but I had to ring around to find solicitor dealing(I am owed quite a lot of money. I paid all bills and maintenance) even though relations said I would be informed officially. Not told when valuations by the estate agents were done or for how much . We have been informed to get our own valuations then we will all" sit around the table ". My husband and I would like to buy their half to live in after retirement as it was originally my parents home which they have had since before I was born .The other relations are after the money rather than the property. I think they are trying to play mind game.
Opinions needed please!

[dan_1207]

Re: Being informed

If the property was owned as tenants in common, then the other owner's notional share will be dealt with as per their will or, if no will was made, the rules of intestacy. If you wish to buy this notional share of the tenancy, then you need to find out which of those two apply.

Is there a reason why a joint tenancy was not entered into? Were you both originally joint tenants, but then both served notice of severance to move into a tenancy in common?

Being a tenant in common means that you don't necessarily have to be told of things such as valuations.

[Kati]

Re: Being informed

[MENTION=62240]dan_1207[/MENTION] ... you can get a more informed view of the problem if you look through the other threads have a read and see what you think.
1, http://www.legalbeagles.info/forums/...ng-family-home
2, http://www.legalbeagles.info/forums/...g-with-probate
3, http://www.legalbeagles.info/forums/...-First-refusal
4, http://www.legalbeagles.info/forums/...-have-priority

K x

[tentmadam]

Re: Being informed

Thank you Dan, the house was left to my sister and I .The solicitor thought it was the best option to be tenants in common because at the time neither of us wanted to sell.

[tentmadam]

Re: Being informed

Thank you Kati,some of these threads are my other problems that I posted which are many and varied!

[dan_1207]

Re: Being informed

Thank you Dan, the house was left to my sister and I .The solicitor thought it was the best option to be tenants in common because at the time neither of us wanted to sell.

That isn't really a reason to become tenants in common (IMO) but there we go. Being beneficial joint tenants means that the other tenant's interest is dealt with under the Doctrine of Survivorship upon their death (i.e. the other tenant automatically absorbs their share.)

Find out what the valuers come up with and offer to pay for the other tenant's notional share.

[tentmadam]

Re: Being informed

Thank you again, we could never have become joint tenants as she didn't want me to have anything in the first place so I could never have inherited the other half.We are hoping that her half of the family will sell out to us as they are much more money driven and alot less sentimental.We are prepared to pay market price for it.

[dan_1207]

Re: Being informed

Ah, I see. Fingers crossed then!

[tentmadam]

Re: Being informed

Ah, I see. Fingers crossed then!

Thank you!

[tentmadam]

After letters of administration

Hi all! my sister died without leaving a will and her son has gained letters of administration .Is there any way that you can find out how he distributes her estate as he is great at withholding information . My sister owed me quite a lot of money .My nephew has told me in no uncertain terms that it is up to him if he pays me my money or not . Some of the bills are actually rates and builders bills which we submitted copies of to the solicitor dealing with the estate. (Who we had to find out who it was ourselves because my nephew wouldn't freely tell us !)Advice please

[nemesis45]

Re: After letters of administration

Hi,
Register you interest in the estate by sending a Formal Claim for and proof of the debt. Send to the solicitor using signed for post.
Is there property to be disposed of?
I hope the debt is documented otherwise there will be problems
All priority debts must be paid before distributing the balance of the estate.

nem