Personal Bankruptcy joint tenancy of real estate property

[ljseccombe]

My jurisdiction is: california

my married brother and I (single) own 3 parcels of property in joint tenancy. He filed bankruptcy, and has been ordered to to sell his share of the property. I have been told by him I will have the option to buy his share, but at present am financially unable to do so. Do I have any other rights or options? What will happen if a stranger buys his share?

Thank you,
Linda Seccombe

 

[dee_dub]

You could sell your interest in the properties outright along with his. You'll probably get a better price.

If a stranger buys his share, you'll co-own property with a stranger. If either of you don't like the situation, you could probably apply for an order that the property be sold. If I was you, I'd consider selling now.