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Updated over 6 years ago, 06/27/2018
Question about a house in Probate and facing a Code Violation Lie
A new contact wants to sell "her" house in less than two weeks as it faces city citation. The house technically belongs to her mother who passed away Jan 2017 and for different reasons the estate I s still yet to be probated (she thought her brother in TX was handling the estate and he thought she was). The house needs some major work (roof, new heat pump, upgrading, etc). The lady doesn't have the money or the mind set to make any repairs. She was already "cited" for the unkept yard and is about to be cited/ liened again because the house has been vacant so long and not boarded up. A sale will extend the time to get the house boarded up or renovated.
I am not familiar with Probates and it seems they have let this house get into a bad position. Does anyone have any clever ideas to sell this house in 1 week maybe two? I'm new and don't have a list of buyers. (Darn good marketing).
This house is a 2/1 1004 sq. ft. but consists of two adjoining lots. The comps show about $52K. No comparable house has been sold any sooner than 6 months ago but all close to the same age and distance. Average Sq. Ft. is 1,007 sq. ft. so about $52/sq. ft. for the houses sold (6 to 9 months). A similar house 4 houses down sold in 12/17 for $70K but is a 3 bd./2ba and 1500 sq. ft. but is only one lot.
Spit balling, let the executor rent the house to me (or assignee) make payments to her as the house goes through probate with a balloon at 12 month? Gives her a time extension to avoid a citation plus givers her time to move all the personal item stored in the moved out?
Any insight is appreciated?
Doug