Probate question. what would you do?

My farther recently passed away and left a house with a mortgage at around 114k. We are debating keeping it or letting it go to foreclosure. Going through probate will cost around 4500 and paying mortgage until we sell the house will cost us another 3k~. I’ve talked to two realtors and one gave me an mls estimate of around 130k-140k value and one gave me 150-160k estimate. If we only sell it for 130k I see us losing money on the deal if we sell it for anything less then 135k.

Does anyone have anything experience of selling a home early in probate to prevent us having to make mortgage payments on the house for 6 months ?

submitted by /u/Due-Variety-6141
[link] [comments]

My farther recently passed away and left a house with a mortgage at around 114k. We are debating keeping it or letting it go to foreclosure. Going through probate will cost around 4500 and paying mortgage until we sell the house will cost us another 3k~. I’ve talked to two realtors and one gave me an mls estimate of around 130k-140k value and one gave me 150-160k estimate. If we only sell it for 130k I see us losing money on the deal if we sell it for anything less then 135k. Does anyone have anything experience of selling a home early in probate to prevent us having to make mortgage payments on the house for 6 months ? submitted by /u/Due-Variety-6141 [link] [comments]

<a href="Read More“>View Full Article

Need More Commercial Real Estate Leads?SAVE 40% this month!

Our commercial valuation calculator was created to evaluate commercial real estate. In 6 quick steps you will know your NOI, CAP RATE, and IRR.

Now you can get your own branded version of our calculator!