mortgage is “underwater” (meaning the mortgage balance is more than the home is worth), heirs may even choose not to accept the home at all, allowing it to go into foreclosure. Those who do not want inherited property should consult a lawyer promptly, as disclaimer paperwork will likely have to be filed. Traditional home sales methods are a perfectly good option if you find that there are no outstanding mortgages, the property is in good shape and does not require major repairs to sell. If you can afford any necessary repairs and cleaning while handling the selling process, then you can safely choose to sell an inherited property just as you would any other house. This is not to say that selling the property will be complication- free, but even when issues arise, it can still be worth it to persist with the sale. When there are siblings or family members who share the property with you as legal heirs, there can arise disagreements about the settlement process. Therefore, selling the property could save you the difficulty of dividing a singular property between numerous hands. Once the property is converted to money, the money can be more easily distributed among the heirs. One concern that you do need to address is the amount of time required to sell the property, since it is uncertain when it may sell. A short sale is another way to sell a home especially if there are mortgage payments due which you are unwilling or unable to pay. If one or more heirs inheriting the property have an urgent need for cash, then a short sale can be an option. At times, you might also feel that you just want to get rid of the burdens an inherited home imposes by selling it quickly so you can get on with your life as smoothly and quickly as possible. A short sale can be an option. We do offer some unique solutions apart from a short sale that are proven to rapidly sell a home when that is paramount. Having
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