Heading out next week to clear out my dad's place and put it on the market.

Several issues exist:

1) His development is in the middle of nowhere. He had to drive 20 minutes on the interstate to go grocery shopping.

2) The economy crashed while they were building that phase of the development, so they stopped building. His block is finished, but you go a block or two in any direction, and it's paved streets and sidewalks with no houses on the block.

3) In southern Arizona, you have to sell the house in Winter or else. Ain't nobody moving in 120 degree heat. So by the time we finish cleaning it out, we'll have like 3 weeks to sell it or else be stuck with it for at least 6 months, with me on the hook for the mortgage.

4) Looking at other listings in his neighborhood, all of them seemingly have been on the market for 6 months or more.

So basically, in order to try and move this house within the very brief time period that we have, we're gonna have to find the most comparable house, undercut their price by 10% or more, and use the agent selling that house to tell any previously interested buyers about this new listing.

After the sale goes through, I'm gonna wind up owing 5 figures on this place, smh...

Why not just clean it out, gather all the personal belongings, and allow the bank to foreclose if you will end up owing money in the end? If the mortgage is still in your father's name, just don't make the payments. His credit isn't a consideration at this point.

which means it may or may not go against MY credit rating if I stop making mortgage payments, plus the bank could place a lien on the estate to freeze up the remaining assets.

but I just don't recall if there would have been an affect on her credit....
it took two years to sell my grandparent's property :(


.

does it affect you and your family adversely?
.

Since 1976

It's a 55+ community with nothing around it for miles. Can't foresee a scenario where someone would be looking to rent a house there.

.

---------------------------

forcing myself to actually respond to you is like bathing in ebola virus. - Binlahab

Like there is stupid, and then there is you, and then there is dead. - VAsBestBBW

R.I.P. Disco D

near tucson it's gonna sit.

There's communities in the middle of nothing down I10 from Phoenix that have no problem selling with the nearest stores in Buckeye. But down thataway??? Nah, I can't see it selling at all.


---------------------------

forcing myself to actually respond to you is like bathing in ebola virus. - Binlahab

Like there is stupid, and then there is you, and then there is dead. - VAsBestBBW

R.I.P. Disco D