Good day, I have a question regarding property ownership and transactions within the family. Is it possible for me, as the owner of a house, to sell 50% of its ownership to my son? I understand that real estate transactions usually involve the transfer of full ownership, but I'm interested in knowing if a partial sale is legally permissible and how it might affect our respective rights and responsibilities. Would this involve any special legal documentation or processes? I appreciate your time and expertise in this matter.
7 answers
Stefano
Sun Mar 31 2024
When dealing with real estate and mortgages, there are specific caveats that need to be considered.
CryptoVanguard
Sun Mar 31 2024
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Michele
Sun Mar 31 2024
Selling half of your house to pay off the mortgage while remaining on the title deeds is not a feasible option.
charlotte_clark_doctor
Sun Mar 31 2024
Selling a portion of your property is possible, but it requires careful planning and adherence to legal requirements.
TimeRippleOcean
Sun Mar 31 2024
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