Note: BCP Real Estate is not a law firm and its employees/owners are not acting as your attorneys. The information contained on this website is provided for educational and informational purposes only and should not be construed as legal advice on any subject matter.
This is one of the biggest misunderstandings we run into, and it stops people from getting the relief they want. They hear that we can buy them out of the tax lawsuit, and they panic a little, thinking it means they’d be selling the entire property, the whole family’s property, all by themselves. That feels wrong, maybe even impossible, so they freeze and do nothing. Let’s clear it up, because the truth is much simpler and a lot less scary.
You are not selling the whole property. You’re only selling your part of it. When a property passes down to several relatives, each person ends up owning a share of it, not the entire thing. So when you sell, you’re selling just your slice, the portion that became yours. Everyone else’s share stays exactly as it is. You’re not selling their pieces, and you couldn’t even if you wanted to.
That distinction changes everything. It means you don’t need anyone else’s permission, you’re not making a decision for the whole family, and you’re not forcing a sale of the property. You’re simply handing off your own piece so your name comes off the lawsuit. Your relatives keep their shares and can do whatever they like with them. If someone wants to keep the property, they still can. You stepping out doesn’t take it away from anyone.
That’s exactly how this works with us. We buy your individual share, you get your name off the lawsuit, and the rest of the property and family situation carries on without you in it. No cost to you, no selling anything that isn’t yours, no deciding things for everyone else. Just your part, your exit, your peace of mind.
A couple of quick questions:
If I sell, am I selling the entire property? No. You’re only selling your own share, the part that passed to you. Everyone else keeps their shares, and you’re not selling or deciding anything on their behalf.
Do I need the rest of the family’s permission to sell my part? No. Because you’re only selling your own piece, you don’t need anyone else to agree. They keep theirs; you let go of yours and step out of the lawsuit.
If you’re looking to remove yourself from a lawsuit and get paid for your interest, no cost to you, call or text us at (469) 708-8003 for an offer today.
Leave a Reply