How do I buy out a co-owner asking too much? | NC

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Q: How do I buy out a co-owner who wants more than the property seems to justify? A: A co-owner usually cannot just name any price they want. The starting point is that person’s ownership share of the property’s fair market value. But that is not the whole picture — the law can also account for certain payments one owner made for the property, like mortgage payments used to acquire it, property…