I am 25% owner of a LLC which owns one 4 unit building. My wife is another 25% partner. We need to sell. Our other partners, another husband and wife, do not want to buy us out. In addition, there are dragging their feet on selling. Can I put it up for auction (fast sale) without their approval. The property is deeded in all our names. What can I do legally to get out of this situation?
I bought a house with my friend a few years ago and we agreed that we’ll sell it this August. He has changed his mind now and doesnt want to sell it anymore. Is there anything I could do? I cant really afford to buy him out.
My dad recently passed away and he was 1/3 owner of a trust set up by his mother to protect two parcels of acreage from ever being sold. When we contacted the brother and sister (the other two names on the trust), they indicated that they were going to sell the property and they had my dad sign a power of attorney a few months ago when he first became ill.
I realize that the power of attorney they had is now invalid- BUT, how do I contact the proper courts (I know deed #’s lot #’s, courthouse locations, etc.) to stop any sale of this property until I can obtain copies of the trust to understand what my rights are. I would think the faster I contact them with the fact of his death, that would at least insure I am involved in any pending sale. Also- one of the propertys is being sold BELOW tax value to one of the 1/3 parties.. which sure sounds like a scam to me!! I just want to know WHAT to file and with WHO? Most docs do not address this that I’ve found. Thanks so much !!