How can a co-owner obtain monetary compensation instead of receiving physical property? NH
Detailed Answer — How a co-owner can get money instead of physical property under New Hampshire law Short answer: If you co-own property in New Hampshire and want money rather than a share of the physical property, you can (1) negotiate a buyout with the other owner(s), or (2) ask a court to partition the […]
Read article →Can I Negotiate with My Siblings to Avoid a Partition Action in NH on Inherited Property?
Disclaimer: This article is for educational purposes only and does not constitute legal advice. Detailed Answer When you inherit property in New Hampshire with your siblings, each of you holds an undivided interest in the real estate. You can avoid a formal court partition by negotiating a voluntary agreement. Under New Hampshire law, if negotiations […]
Read article →How to Prepare a Jointly Owned Property for Sale Before a Foreclosure Hearing in NH
Detailed Answer Preparing a jointly owned property for sale before a foreclosure hearing in New Hampshire requires careful coordination among co-owners, clear understanding of state statutes, and proactive steps to preserve equity. Below is a step-by-step guide under New Hampshire law. 1. Confirm Ownership Structure First, determine whether the property is held as tenants in […]
Read article →How to Coordinate Realtor Selection with a Co-Owner for a Joint Property Sale in New Hampshire
Detailed Answer When you own property together in New Hampshire, you typically hold title as tenants in common or joint tenants. Each co-owner has an equal right to possess and market the property, but you must agree on key decisions before listing. A successful realtor selection process hinges on clear communication, shared goals and a […]
Read article →How to Calculate and Recover Carrying Costs from a Co-Owner in New Hampshire
Disclaimer: This article is for educational purposes only and does not constitute legal advice. Detailed Answer When two or more people own real estate together in New Hampshire, they share the “carrying costs” of that property. Carrying costs typically include mortgage interest, property taxes, insurance premiums, utilities, maintenance, and homeowners’ association fees. If one co-owner […]
Read article →What rights do co-owners have when one heir wishes to live in an inherited property while another wishes to sell in New Hampshire?
Disclaimer: This article is for informational purposes only and does not constitute legal advice. Understanding Co-Owner Rights in New Hampshire Inherited Property Disputes Detailed Answer When a property passes to multiple heirs in New Hampshire, it typically becomes co-owned as tenants in common. Each heir holds an undivided interest and may use or occupy the […]
Read article →What steps are required to initiate or consent to a partition action before a court-appointed commissioner in New Hampshire?
Detailed Answer Disclaimer: This article is for informational purposes only and does not constitute legal advice. Consult a qualified attorney to address your specific situation. Understanding Partition Actions in New Hampshire Under New Hampshire law, a partition action lets co-owners divide real property either physically or by sale. The process begins in Superior Court and […]
Read article →What Options Exist If Co-Owners Cannot Agree on a Buyout Price in NH?
Disclaimer: This article is for educational purposes only and does not constitute legal advice. Detailed Answer: Options for Co-Owners Unable to Agree on a Buyout Price in NH When co-owners in New Hampshire cannot agree on a buyout price for jointly owned real estate, they have several paths to resolution: Independent Appraisal and NegotiationHire a […]
Read article →Do I Get Any Ownership Interest in Real Property by Paying the Mortgage? (NH)
Detailed Answer Under New Hampshire law, ownership of real property depends on who holds legal title, not who makes mortgage payments. A mortgage is a security interest that secures a debt; it does not itself grant ownership rights. See RSA 508:1 for the statutory definition of a mortgage: https://www.gencourt.state.nh.us/rsa/html/LVIII/508/508-1.htm. The deed recorded at the Registry […]
Read article →What process allows a party to force sale of property through a partition hearing in New Hampshire?
Disclaimer: This article is for informational purposes only and does not constitute legal advice. Consult a qualified attorney for guidance on your specific situation. Detailed Answer: Forcing Sale of Property Through a Partition Hearing in New Hampshire Under New Hampshire law, co-owners of real estate who cannot agree on the use, management or disposition of […]
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