If 3 siblings inherit a house that 's worth 135000 and 1 wants to buy the other two out and still owe 34000 on the mortgage what would the buyout be?

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1069588

2026-03-03 06:40

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To determine the buyout amount, first, subtract the mortgage from the house's value: $135,000 - $34,000 = $101,000. Each sibling's share of the equity is then one-third of this amount, which is $101,000 / 3 = approximately $33,667. The sibling who wants to buy out the others would need to pay them each about $33,667 to acquire full ownership of the house.

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