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Updated about 4 hours ago,
Grandmother wants to leave/give me trailer! Help!
Hi all,
My grandfather has passed away and my grandmother is left with handling finances for the first time in years. She's on a fixed monthly income and cannot afford home repairs. I have already spent around $4k in repairs for her. She would like to gift me the trailer to repay me for some of the money I have put out. I'm reluctant to accept as I see the trailer as more of a liability. She's not in great health herself, but seems like she can still carry on a few more years if nothing bad happens. Found out today the sewer line is in need of repair.
This is an OLD single wide trailer. One window AC cools the entire trailer and struggles in the summer. Most larger windows are an odd (old) size and solid pane and do not open. Water heater is new. The electrical is outdated and dangerous, although still functioning. Due to it's age I'm not sure if it can actually be moved. She does not own the lot and pays like $150 per month lot rent. A subdivision of nice $400k homes was built across the street back around 2004. The owners of the lot/property seem to neglect her land and the adjacent homes/land they own on the same street. All that to say, I'm not sure when they will want to cash in and sell the lot due to the appreciation the subdivision has provided. My grandmother is the last tenant in a string of their abandoned properties.
I don't want to be stuck with trying to figure how to dispose or move the trailer. I don't want to rent it out as it seems like an electrical liability - and I'm not sure if renting it to others would be legally possible seems how we don't own the land. I don't want to keep putting money into repairs on something that will never generate a return. Best case scenario in my head is finding a buyer that would move it if possible. (When the time comes). Or someone even taking it for free? If my grandmother were to pass away without deeding the trailer to me, would it be on the land owners to deal with it? My grandparents have lived there since 2001.
Open to any advice others have to offer. Let me know if you need any more details. Thanks BP!