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Updated about 1 year ago,
Heirs to family home want to sell, non heirs want to keep it
Hello,
A deceased family member left the equity of her home to her children(heirs). The house still has a mortgage, they want to sell to get their equity
Grandchildren want to keep the home and take over payments. Heirs are unwilling to keep. Is it there a way to acquire the house privately without it going to market rates and value?
For example (for clarity), say the home is worth 100k there’s 50k in equity the market value is now 200k.. is it possible for the heirs to sell the home to me privately for 125k so they can still get their equity but I’m not paying it’s market value?