My father and I both have are names on the deed to a condo it is listed as Thomas Ivy olsen on the deed . My father wants to sell the property and keep all the proceeds for himself.. Is my signature required in order for him to sell this property
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My father and I both have are names on the deed to a condo it is listed as Thomas Ivy olsen on the deed . My father wants to sell the property and keep all the proceeds for himself.. Is my signature required in order for him to sell this property
Is my signature required on real estate documents before he can sell property if
both of are names are listed on the title
Asked on July 17, 2019 under Real Estate Law, Utah
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 4 years ago | Contributor
1) If you are co-owner, your consent (e.g. you signature) is required to legally sell the property; real estate cannot be sold by some owners, but require all to agree to the sale.
2) You are entitled to a share of the proceeds (after paying costs of sale and paying off any mortgages, HELOCs, etc.) equal to your ownership interest. If you and your father are the two owners, you're each 50% owners, so you're entitled to 50% of the proceeds.
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