sell property fast

Okay, so here is the situation: My father owns about 16 acres of land. My grandparent’s gave this to him because they were right-wing radicals who believed that paying property taxes violated their constitutional rights, and so they didn’t pay taxes and almost lost the entire land to the IRS! My father paid the taxes and saved the land, and they signed it over to him, with the provision that they have a ‘life time estate’, meaning they both have the right to live on that land. Fast forward twenty years later: My grandparents divorced and both moved off the property. They divorced mainly so my grandmother could get her previous husband’s social security, which was higher. My grandfather was diagnosed with alzheimers and eventually dies. My grandmother can’t live on the property by herself but doesnt want us to sell it either because of memories. He’s selling it anyway behind her back and not letting her know. Is this wrong?! She’s suicidally depressed and wants to cling to the past!
It should be noted that my grandmother has been obsessed with my grandfather (or I should say step-grandfather since he’s not my grandfather by blood), and they actually had a horrible marriage which was actually abusive! But now she’s acting like it was wonderful and she wants to pretend that she can live out there again. She thinks the banks are going to go under and that we’ll need to flee to the country! A lawyer told us that since she’s divorced and can’t live out there, the lifetime estate is voided, so legally he CAN sell it. The problem is, would it be wrong to do so?! She’s very unreasonable about this and tends to scream and throw a fit when you try to even discuss it with her!

Sell and Rent Back

Related articles:

  1. Need some compelling reasons to get my family to sell inherited house fast? I’m ¼ owner on a house, and the other owners don’t get that it makes sense to price low and sell fast. The home is owned free and clear....
  2. How to Sell Property in a Slowing Market If you’re looking to move house and sell property in the next few months, we’ve got some bad news for you: this just isn’t a sellers market right now....
  3. does the us goverment have a program ,where they will grant you money to do renovations on your property? see here is the deal,im not able to afford nor am i physically able to clear off to old houses in my back yard,i have 2 kids and its...
  4. What should I file to advise courts of my dads death if property in trust with 2 other family members? My dad recently passed away and he was 1/3 owner of a trust set up by his mother to protect two parcels of acreage from ever being sold. When...
  5. Sell House Fast to Regain Cash Tied Up in your Property A host of circumstances can land you in a financially crunch situation. You need cash for every need. Shortage of cash can thus be a bane of modern day...

Tagged with:

Filed under: property sale

Like this post? Subscribe to my RSS feed and get loads more!