How do I go about having my roommate buy me out if the house is paid off

We both put the equal amount to buy the house. He refuses to put it up for sale. He lost his job so I doubt he is able to get a loan for half the amount.

Asked on January 23, 2013 under Real Estate Law, Illinois

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 7 years ago | Contributor

You and your business partner are in a bad situation. If one cannot buy out the other and both do not want to place the property for sale on the open market, the only way to sell the property is to file a partition action in the county court house to have the court order the property sold.


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