All Forum Posts by: Jenny Cross

We did an estate sale and didnt make much, we kept that. Brother and I are both named in will as benefictories. My dad died last, his mom first, so therefore I became the executor of the estate.

My concern is the courts are involved. I am doing what they said to do.

Bob were not allowed to pay attorney, or me or brother back out of estate money.We pay attorney monthly, brother and I split monthly fee. Fee is based on work I have him do or asking questions in emails etc.

I can only pay house bills with it, until we go to court after house is sold and finish the estate. I hate that I know nothing about this stuff, always thought I knew a lot, this makes me feel helpless. I just want to be done...Wrap it up, if nothing left of Insurance in end so be it.

You guys are so amazing, thi sis my new favorite site. On here daily since I found it. Sorry if I shouldnt post this here, but I had hoped to somehow make use of this property. But new it probably wasnt an option because of debt owed.

Lawyer got courts involved, yet it isn't a probate? They have list of what is left in assets, home and $25,000 ins check, and I have to show them accounts and do an inventory at 6 mos and one year.

I WISH we wouldve taken time to research, but it happen so fast. I got call my dad wa sin hospital on sunday, then monday night brother calls to say his mom ( dads wife) died in her sleep. Then two days later my dad died, I was trying to get a plane out but storms prevented any travel and I didnt get there in time. We got there to a mess, and the attorney was a life safer then. He has been a lot of help. BUT with courts involved, not sure we can just walk away without penalties of some kind.

The lawyer gave us the needed paperwork to have the cars etc put in our names. Said we didnt have to count them as assets. That we would sell the house and cover what we could. I use the insurance money and pay monthly utilities on the house, and make both payments to 1st and 2nd mortgage.

They put public notice in paper and bill collectors have til End of June to stake claim for debt owed to them. After that we settle up and split what is left. Attorney had to report to court what their were for assets, and he only named the house and the $25,000 policy. Nothing else. So were good there.

I just want to be done, at the time this happened I was in middle of buying a new house, I had my old apartment bills to settle up on, then new house bills, then my dads bills. My mail is full of nothing but bills everyday, IT SUCKS...i thought I hated paying one set of bills, try 3 sets. Sick of spending so much time paying bills.

My issue is, best way to list it? Short sale it, but those take a while right? I am an ex realtor, but short sales werent popular back then and never dealt with one. I figure if we wait to list until closer to our deadline of end of June, maybe their is hope to keep some of ins check? Attorney says they can only take a percentage of ins check, not all that is owed to them. In meantime I am paying an attorney ALOT for all this. Least brother is paying half.

We did get personal items out, and had an estate sale. But when they made me executor, the courts got involved. Keeping dads lawyer might have been my mistake, he has helped some, but might have made this harder then it needed to be to unload this mobile home.

Is short sale the best way to sell it then? Realtor says since their is a lien on the home, that I need 2nd mortgage to sign papers to let us pay them less then what owed to them. They tried to get me to take over loan, HAHA no thanks...

Brother is stepmoms son, who I met the day I arrived with news of deaths. He isnt much of a help, letting me handle it all. I let him have all my dads guns, and I took dads grizzley 4 wheeler, and his truck and car and a big trailer. Worth probably $23000 total. He can have the guns, I hate guns in my home anyway. I took other items as well. Which I may sell them all and invest the money, pay off my SUV etc. The trailer would be perfect for remodel jobs, if I decide to flip and buy materials myself as I did when I use to help flip homes and worked as mgr on projects.

The problem is that dad had an attorney who had us get court involved and he says WE CANT just walk away, and have certain steps to take....

Now the issue is HOW to sell it. Sorry for posting samr thing once, I added app to my phone and used app to add first post and nothing came to my phone and didnt realize you all replied, so I reposted again today..I am lost on what to do and hate that court is involved. They say what I can and cant do, yet we didnt probate. I have never had to deal with an estate before.

Hello again all you amazing big pocket posters-

On February 10th and 12, 2014- My dad and his wife both passed away, leaving me the executor of their estate.

We have done an estate sale, and sold all their stuff and took what we wanted. The mobilehome is in Oregon. Their upside down on it. Here are the numbers:

1st mortgage owe $66,000

2nd Mortgage owe $33,550

CMA by realtors say the mobilehome is worth between $82,000-$95,000. Plus 6% to realtor for listing it.

2nd mortgage has a lien on the home. They havent staked a claim on it yet, as I have been keeping the payments up and it isnt behind at all.

Brother and I got a whopping $25,000 Insurance check, that I have in a bank acct for the estate and pay bills out of it.

House would only rent for $700-$800 a month and we are paying $1002 for mortgage plus utilities.

Now I am torn what to do, short sale? I got a letter from someone that found my name from obituary or probate list from court? I am going to see what they say, assuming not what I need.

Anyone deal with estate before. Bill collectors and second mortgage has until End of June to stake claim on the $25,000 insurance check, were hoping their will be some left in the end. God knows we spent enough of our own money going there to settle things. Hoping to break even at least.

I wish this could be my first flip/investment. But not sure how or what to do.

I forgot to mention the master bedroom spells of dog pee, as their dog was locked in room when my stepmom passed away. So it needs painted and carpet removed, but were upside down on it already. The numbers suck, so any wise ideas or advice. Brother wants to possibly rent it himself, as he has business going on in the area for a yr, but I think we should sell it come june 1st and try to get closer to date that bill collectors cant claim money anymore.

HELP please....Oh wise bigger pocket peeps...

Can they stay where they are? Remodel and sell them if you can. Too move them will cost $5-$10000. You could do a rent to own situation. I have sold many if you want ideas, I use to run a mobilehome park.

My dad and his wife recently passed away in February. And since then I was made the executor. They left behind a mobile home that their upside down on. They owe first mortgage $66000 and second mortgage $35500 and realtor says list between $82000-$95000 it could use painted and carpets replaced, but hate to put more into it if we're not making anything on it. Life insurance check was only $25k to be shared with brother and i have lights and utilities on as needed for showings. Realtor says if we rent it would go for $700-$750. I'm confused what I should do? Short sale? Rent wouldn't cover the $1000 a month mortgage. In waiting to see if second mortgage pits a claim to the insurance money. Can they if house pmts are current? Mobile home is on a corner lot and located in Oregon. Any suggestions? Thx in advance. I am loving this site and all the amazing members.

They werent them kind of emails, no one is flirting :( I am old and taken, sorry if they were going to send them kind of emails....Email is busy form all the posting I am doing...