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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
is an accommodation and real estate directory, where real estate property owners or real estate agencies connect with vacationers and home buyers worldwide. If you are a seller, you can add listings in few seconds, and if you are a buyer you can search listings to find your dream property!
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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 29 Sep 2005 17:20:49 -0700
/ Author of the message: "realEstateGuy" |
Title of the message: |
Re: Legal Question(s) about Estates....HELP!!??
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Text of the message: |
Well there is a total rehab needed here....this type of house 40K is the magic number. So I'm thinking get it for 60K (first mortgage balance and 10K to the daughter) Fix it for 40K.. Into it for 100...identical comp in 190s......nice spread....even if I sold at a discount. With 80k hanging over estate this is not so clear cut and easy. Trying to figure out if it's doable.... Trying to figure out if I offered 60K....which is almost more that it's actually worth in current condition....would that fly? Could the estate sell at that price..? Or would it be a scenario where that 80k lein against nothing more than the estate... makes it harder to sell.... Would it leave a balance if it COULD sell for 60 that would just go unpaid..because there were no more assets? Would it attach to heirs? . |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.