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Suggestions for dealing with undivided interest ownerships 03-Mar-03
Even if all the current owners get along fine and agree on everything, owning an undivided interest in property is a problem waiting to happen.  That is the reason there are few buyers for undivided interests, and when they do sell, the prices are discounted heavily.  The way I see it, landowners should start working to get out of the undivided ownership as soon as they get in that situation.  

Your first choice might be to see if you can convince the other owners to sell the tract and divide the money.  

The second choice might be to see if any of the other owners would be interested in buying your interest based on your ownership percentage of the appraised value of the tract as a whole.

For the third option I would try to work amicably with the other owners to divide up the property among the owners.  Often, a disinterested third party like a land appraiser or consulting forester can suggest ways to fairly divide land.  

The fourth option might be buy out as many of the other owners as you can.  That would give you a better position should it be necessary to file suit for partition.  When other owners see that you are serious about dissolving the undivided interest situation, they may be more willing to cooperate.

The absolute last choice might be to force a partition by licitation which, most of the time, entails a sheriff's sale.  I recommend getting some expert assistance in determining the value of the land and timber so you'll be informed enough at the auction to know whether or not to bid on it yourself.

I hope your situation doesn't require such drastic action, but if it does and the tract is valuable enough to justify such action, you will benefit from having a good attorney with lots of experience with timberland.
 
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