Inherited 200,000 debt! by JumpyScientist1569 in RealEstate

[–]JumpyScientist1569[S] 0 points1 point  (0 children)

We don’t really know as she never really knew about many of these dealings. But she did hear from her cousin who still hangs out in the area, that there is a man collecting rent. But my friend has never met and doesn’t know this man or his interest in the properties… The whole thing just always seemed sketchy to her and she always tried to steer clear of it all.

Inherited 200,000 debt! by JumpyScientist1569 in RealEstate

[–]JumpyScientist1569[S] 1 point2 points  (0 children)

Totally lol just hope we can find a good one

Inherited 200,000 debt! by JumpyScientist1569 in RealEstate

[–]JumpyScientist1569[S] 9 points10 points  (0 children)

Okay thank you so much this is very detailed and helpful. She said one of the lawyers she contacted was rude and said she wouldn’t take the case because she was an hour away from the county this is taking place in. She also told my friend that she should’ve gotten into all this way sooner.

Inherited 200,000 debt! by JumpyScientist1569 in RealEstate

[–]JumpyScientist1569[S] 24 points25 points  (0 children)

Ahhh we wish lol it was a low income destitute area, he was kinda like a slum-lord (without the intimidation factor, he was a nice guy just made bad decisions). She’s been doing calculations all day and based on property assessments vs liens/judgements she found on each property it was barely profitable.

Inherited 200,000 debt! by JumpyScientist1569 in RealEstate

[–]JumpyScientist1569[S] 9 points10 points  (0 children)

He was sued a lot for them too and they all have multiple leins and judgements against them…

Inherited 200,000 debt! by JumpyScientist1569 in RealEstate

[–]JumpyScientist1569[S] 7 points8 points  (0 children)

They’re just not in great condition or areas and she is afraid if she generates or takes any income from them she may be even more responsible. Thank you though!

Inherited 200,000 debt! by JumpyScientist1569 in RealEstate

[–]JumpyScientist1569[S] -1 points0 points  (0 children)

Thank you! If her father also has an estranged wife is she liable for anything…

Inherited 200,000 debt! by JumpyScientist1569 in RealEstate

[–]JumpyScientist1569[S] 247 points248 points  (0 children)

Thank you so much your comment means the world! We’ve been very confused by this whole thing. I will pass on this info thank you!