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Started By
Message
WWOTD - Disposal of Real Property
Posted on 3/17/17 at 8:16 am
Posted on 3/17/17 at 8:16 am
Due to a death in the family (Wednesday night), I need to dispose of a small house on a small plot of land in a medium size city in the East. I inherited it several years ago. Belonged to a family member (husband and wife) who lived in it for over forty years. Most items of value have already been removed. Anything left only has sentimental value (at best). House is in (at best) disrepair (another family member was living in it). It is in a crime infested neighborhood. It is fully paid off. I have no emotional ties to it whatsoever. I am focused on getting it cleaned up and disposing of it for the least cost. Any recommendations on how to legally dispose of it? I do not want to have any legal ties to it when I am done.
(This should be good)
ETA: My apologies. I am in the military stationed in the South. Currently in Texas and being moved to Florida in June. We will (more than likely) not see the house again after the funeral next week. So I have to get someone (as a minimum) to represent me on this when we are gone.
ETA2: The house has been mine for a few years. However, a family member was permitted to live in it rent free (a huge regret). Now they have died I want to sever all ties with it.
(This should be good)
ETA: My apologies. I am in the military stationed in the South. Currently in Texas and being moved to Florida in June. We will (more than likely) not see the house again after the funeral next week. So I have to get someone (as a minimum) to represent me on this when we are gone.
ETA2: The house has been mine for a few years. However, a family member was permitted to live in it rent free (a huge regret). Now they have died I want to sever all ties with it.
This post was edited on 3/17/17 at 11:34 am
11
Posted on 3/17/17 at 8:18 am to Wolfhound45
Convert it to a crack house.
Posted on 3/17/17 at 8:20 am to Wolfhound45
Start an LLC, transfer property to LLC, quitclaim to another LLC, do this 3-4 more times, then sneak up on someone and stick the deed in their bag while they're not looking.
Or, you could...sell it.
Or, you could...sell it.
Posted on 3/17/17 at 8:20 am to Wolfhound45
If you own and you don't want it, sell it.
Posted on 3/17/17 at 8:23 am to Wolfhound45
Sell it? 
There are certain realtors who specialize in crac... I mean rent houses. There are plenty of slum lords out there who will buy it.
There are certain realtors who specialize in crac... I mean rent houses. There are plenty of slum lords out there who will buy it.
Posted on 3/17/17 at 8:25 am to Wolfhound45
If you don't think you can make any money on it renounce the legacy in writing.
Posted on 3/17/17 at 8:28 am to Wolfhound45
List it for cheap and someone will buy. There's people out there who look for this exact type of property to buy...something they can buy really cheap, do some renovation work and then either flip it or rent it out.
Posted on 3/17/17 at 8:29 am to Sody Cracker
quote:It is already surrounded by similar property. Tough market to compete in.
Convert it to a crack house.
Posted on 3/17/17 at 8:32 am to Pettifogger
quote:Just guessing, it has a market value of $10,000 (more than likely much less). However, it is in the middle of a bunch of slum dwellings and is not desireabe in any way. And I still have to clear it out (lifelong smoker occupied it).
Or, you could...sell it.
In your experience, are there auction houses that handle estates like this?
Posted on 3/17/17 at 8:32 am to Wolfhound45
Couldn't you just not accept it?
Posted on 3/17/17 at 8:33 am to Wolfhound45
quote:
I just inhereited a small house on a small plot of land in a medium size city
U tryna show off?
Posted on 3/17/17 at 8:37 am to Wolfhound45
Why don't you just donate it to a church in the area?
If you're not down with God or whatever, you can donate it to Goodwill/Salvation Army, women's shelter, etc.
If you're not down with God or whatever, you can donate it to Goodwill/Salvation Army, women's shelter, etc.
This post was edited on 3/17/17 at 8:39 am
Posted on 3/17/17 at 8:37 am to 225Tyga
quote:Not if you saw it
U tryna show off?
Posted on 3/17/17 at 8:38 am to Wolfhound45
curious now
can you at least give us the city
can you at least give us the city
Posted on 3/17/17 at 8:39 am to yellowhammer2098
quote:No one would take this. It is in the middle of a crime ridden area. Both ends of the street do have drug dealers working openly from the house. It is a bad situation.
Why don't you just donate it to a church in the area?
Posted on 3/17/17 at 8:39 am to Nado Jenkins83
Sure. Charleston, West Virginia.
Posted on 3/17/17 at 8:42 am to Wolfhound45
shite that sucks bro
Posted on 3/17/17 at 8:43 am to Wolfhound45
Sounds like more of a hassle than anything.
Why do you HAVE to accept it? I'd imagine you can just say, nah no thanks, I'll pass, right?
Why do you HAVE to accept it? I'd imagine you can just say, nah no thanks, I'll pass, right?
Posted on 3/17/17 at 8:45 am to Wolfhound45
it would be a shame if it burnt down
Posted on 3/17/17 at 8:45 am to Wolfhound45
I would call a real estate agent in the area and tell them you want it off your hands as soon as possible, and tell them you want them to handle everything and tell you where to sign.
Minimal effort and you might make a couple bucks.
Minimal effort and you might make a couple bucks.
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