Advice sought on fixer in Visalia, Ca
I have a cousin in Visalia who inherited a home with her brother who just died. She cannot afford the payments and is in danger of foreclosure. She is disabled and will likely need to go to a group home. I am wondering if it would be worth it to try and sell the following property.
It's an older 3/2 around sf with a pool. She is a hoarder. Balance, without liens is $120,000 but possible liens/promissory notes on the property of 25k.
My cursory search of similar properties seems to indicate they go for no more than $210,000 and there is a fair amount of new construction as competition. The neighborhood is okay but not exceptional. Im not sure what it will take to renovate as there's so much to clear that I can't even assess. My fear is that the pool could leak etc.
The loan was in the brothers name and they just fell out of a loan mod.
Thoughts? Let it go?
Thanks in advance.