Posted on: 12th Oct, 2009 06:50 am
My dad recently passed away. He had been living with me for the last year.
He gave the house to me in his will. We put his house on the market 6 months ago and it has not sold.
If we sold the house next month for the current asking price I would break even (Reduced price 3 times).
The family does not have the money to continue paying the mortgage and insurance.
I plan to do the following:
1. Deny inheritance
2. File a Quit Claim with the Mortgage company.
Do you agree with my plan?
He gave the house to me in his will. We put his house on the market 6 months ago and it has not sold.
If we sold the house next month for the current asking price I would break even (Reduced price 3 times).
The family does not have the money to continue paying the mortgage and insurance.
I plan to do the following:
1. Deny inheritance
2. File a Quit Claim with the Mortgage company.
Do you agree with my plan?
Can you rent the home and cover your expenses?