Reply to Inheriting house together with sibling...who wants to move in

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[quote=Anonymous]My grandmother's place was split 3 ways among my uncle, aunt and myself (my father died before her and I was an only child). My grandmother had finished raising me and I actually lived in the place and had an emotional attachment to the place. I would have LOVED to keep the place and if I had the money to buy them out, I would have done just that. But I didn't and it NEVER occurred to me to ask them to sell me "at an special price" or to wait until I could save the money or whatever.

My aunt wanted the place to be "rented" to her daughter (my cousin) but my uncle was adamant against it because he knew if she lost her job or got in any financial difficulty, the first thing to go would be the "rent money." We don't mix business and family.

We sold the place and split the money.

Anyway, I would sell it now and she can buy you out OR, she can rent it at market value (paying only your half of course) until she comes into  the trust money. Not your problem what she will do about her kid's school. She is not even married yet and IF and WHEN she has kids, she can see what to do about their education - sell the house and move to a better school district or live frugally mortgage free and pay for their private education.[/quote]

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