Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "Inheriting a mortgaged property"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]I was in a similar situation 3 yrs ago. My mom had bought a condo near me, then unexpectedly passed away 2.5 yrs after the purchase. I was the executor of her estate and inherited the condo. The first thing I did was talking to my realtor. He advised that most of the payments in the initial years go toward interests. I did not want to hold onto it as a rental as I was over extended already. We ended up selling it at slightly below the purchase price. After all the cost and fees, I still netted some money b/c mom had put down 20%. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
