Thanks for the advice. There is one other sibling and they are very actively involved.You won't know until you ask the lender. Ask them for other options for someone in the same situation he is in.
3) Any idea the chances of the lender accepting a settlement for less than they're seeking if they get paid off in the near term? Maybe there's a way to settle with them now out of my own funds, and get reimbursed later when the house is sold.This will take a lot longer than you expect. Plan to remove a "layer of stuff" each time you enter.4) Is it financially better to sell the house in its current condition, or pay to fix some things first? I would clean it and paint a few walls regardless, but I'm wondering if things like a kitchen and bathroom remodel and landscaping the yard would yield more in sale price than their cost. I have a few connections in the city he lives with landscapers and contractors so I can get good quality work at a reasonable price. My thought was getting the house into "move-in ready" condition will greatly expand the pool of potential buyers; right now only a flipper would want to get near it.
Before you spend any of your money on anything, you need to bring siblings into this, if any, and get their opinion or ok. If you don't, this will probably backfire when you want reimbursement from dad's estate.
Statistics: Posted by fyre4ce — Wed Oct 09, 2024 9:00 pm — Replies 14 — Views 1635