Newsflash: House inheritance split 3 ways – possible to buy out other 2 with refinance mortgage?

Let’s say the house is worth $600k, three siblings each get 1/3. Two siblings already own homes, so they’d just like to sell and get the $. The other rents, lives in fear of constant rent increases (northern CA, rent went from $1200-2400 in a year!) and would like to purchase the inherited house.Best way to go about doing this? Is it possible without “Selling” the house first so the first two siblings get their fair share? A reverse mortgage?House is paid off, so market value of house is what would be split 3 ways.Any info is helpful, thanks!

Read more at https://www.reddit.com/r/RealEstate/comments/6fef95/house_inheritance_split_3_ways_possible_to_buy/?utm_source=ifttt

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