What happens if a co-owner offers to buy out my half? | NC

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Q: What happens in a partition case when one co-owner offers to buy out my half of the property? A: A buyout can often resolve the case without a court-ordered sale — but only if there is a clear, binding agreement. The deal should spell out the price, when payment will be made, how any mortgage will be paid off or refinanced, when the deed will be signed, and what happens if the buyer does not…