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Farm estate in 50/50 ownership
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Northwind
Posted 11/26/2022 11:50 (#9950796 - in reply to #9950702)
Subject: RE: Farm estate in 50/50 ownership


Central Iowa
Bought farm with 2 brothers on their terms. One retired and sold his third to remaining 2 brothers. One year later my brother said he was upside down on rental properties in CA. Would have to sell his half at auction. I said where is your half? He said which ever part you don't want. I said remember it's an undivided half so not going to auction as he wanted. I said see you in court for eternity but good luck. His attorney told him wasn't going to happen that way. So I bought him out at price from previous sale. So lesson noted in that deal.
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