Hi Gud day!
Our family has a 400 square meters property and now 90% of the co-owners decided to sell it.
The Problem is, the 90% of the co-owners already get a buyer and received a downpayment to pay their estate tax and personal cash advance.
the buyer and the 90% of co-owners created a MOA with regards to the downpayment and they have TWO months to process their estates taxes after that the buyer will put 2% interest from the downpayment he gave.
once we settle the estate tax, the Buyer will pay us the remaining balance and we need to execute a DEED of SALE but we need the sign of the 10% so that the buyer will transfer the tittle to his name.
the remaining 10% co-owners we're not selling their share because of their personal reasons. and they are now get angry with the 90% who decided to sell their share.
We do even offer to sell our share wth them but they are not capable of buying it.
My Question is:
1.Is the 10% of the co-owners can invalidate the MOA/SALE made by the 90% of co-owners?
2.what possible legal action we can do in order for us to force them to sell their share or any other options that we can do?
Hope this forum will help us to resolve these matter.
Thanks and Godbless!