Beginning of the month my German Shepherd that was at my Mom's house passed away unexpectedly, he was going to turn 5 this summer.

Last Friday my German Shorthair pup, 8mo old, was hit by a car (she ran out onto interstate..:doh0715:).

Early this morning my Grandpa passed away..was in poor health for years and years after having 1 1/2 lungs removed from lung cancer, and suffered from emphysema and many other complications. He died in his sleep in the hospital, so at least it was painless and quick.

My Grandpa bought his home (100%$) about 8 years ago in a neighboring town. The home doesn't have a huge resale value, but is nice, and just received new vinyl siding over the old wooden exterior in the fall. The house's value, although the house looks a million times better, probably didn't raise much more than a few thousand. 80% of the loan is probably still owed. After funeral/burial expenses, the estate probably won't have much left over. He has a million tools and his pickup truck, but still probably not enough to pay off the ~8000$ on the siding. The home, I'd estimate, is probably valued in the ~40,000 range.

The question is this, the home will probably be hard to sell due to the age (early 1900's), and I'm not quite sure how quick it would sell due to the town (not crummy at all, but not nearly as high of property values as Hays), BUT, how does this work if I were interested in purchasing the property?

I would think it'd be a lot less painful, if I were just to purchase the property from the estate. How does this work? There are no instructions on who gets what estate-wise, it's just all "get rid of" basically. Would this fall under an "investment property" type loan? Would this require estate to get appraisal and then estate must get "X" amount of cash, etc? I'm not for sure how this would work...but I'd hate to see the home get trashed, or sold to someone who wouldn't appreciate the work my grandpa put into it (brand new A/C-heat central unit, had a wood stove prior :shocked), all the new siding/paint on the entire house and multiple outbuildings, etc.

Anyways..thanks for any input you may have.

First off sorry for your loss.

Second don't get emotionally involved with the property or you may get a bad deal.

Third go speak to a estate lawyer in your area that is not involved with this estate. Laws are different - estates are all different. So even if someone went through a deal just like this in your state there will be different circumstances to deal with.

The property is actually quite new, and has newer siding/central heat+air than mine, and also has 5 or so outbuildings IIRC, is on a nice corner lot in the neighboring town. It actually was a great house for him, 2 bedroom/1bath downstairs with family/dining/kitchen good size, plus upstairs bedrooms/living space/storage. It also has quite a bit of new insulation, i helped insulate it a few years back.

We'll see, we're going to be talking about all that sort of stuff in the coming week, and we'll see how everything turns out. Most likely the estate receivers (only kids? i don't believe i would receive anything) would want to get the estate sale over and done with sooner than later, so they may be interested in me purchasing rather than having it sit for a long time, realator fees, etc, etc.

I feel your pain about March sucking. I've been super depressed this week based on recent events. Sorry about your losses, and I cant help you at all with the house situation.

March sucked for me. had to put my dog down that i had for 13 years.
sorry for ur lossses. good luck

sorry for you guys, thats all alot to deal with, loosing family, loosing dogs, i love mine like family, and loosing broncos.

joe, if the estate isnt worth much you may be able to buy it, and if you dont live there your self, you could always rent it to someone you trust.

sorry for you guys, thats all alot to deal with, loosing family, loosing dogs, i love mine like family, and loosing broncos.

joe, if the estate isnt worth much you may be able to buy it, and if you dont live there your self, you could always rent it to someone you trust.

it isn't worth a huge amount, and I already own my own home, but would be looking at it more from the perspective of renting it out, but it would also give us a much more generous time-line in order to clear EVERYTHING out of the house and outbuildings...we'll see, it was just a thought, only issue might come up with how much %down a bank would want. Since it is estate, but an "investment property", i'm not for sure how all that works.

sorry to hear about the tough times, man. Let me know if you need anything.