Ok going to auction is the worst possible option. I'll make sure to make that clear to everyone. Appreciate the help.
Spacehooks
Ok appreciate the information.
I don't and while I want to grill her to find out my siblings don't want to push the issue. Like we are doing math and maybe we can account for 100k if she paid top dollar for anything. The rest we don't have a clue.
Discussing this with my siblings I don't know why she would need money to live when we lived with her and people are paying her rent. Her kids and grand kids have degrees. Going to a bank for money and not just asking us more seems like madness. However, she does take frequent trips to the old country that she claimed was being paid for by her siblings. she maybe have more skeletons than we thought.
I think you hit the nail on the head. She lost it and we just didn't know. My siblings want to put higher payments in to pay off faster but I just want to sell. I'm so burnt out over this. So many Year of paying rent just to start over.
She couldn't like sell us the house for less than it's owed? And she takes a loss?
Would there be any advantage to convincing her to sell before her passing? Im assuming the remaining balance of the sale would go to us anyway?
Which means basically we take on what was agreed on the balance with probably a different interest rate?
I just can't fathom why she would need to do this. She was getting rent from mutiple people. "This came up because we're all like sooo the house is paid off this year right? So rent can go down?" I was planning write her a check for w/e balance is left just to wrap it up this year. Like I can only believe she was scammed somehow. She's An old lady with 2nd grade education (no joke) and not a good speaker.
The location cannot be beat. My brothers don't want to sell because of it. The main issue is while the older grandkids like myself were already looking for a new place the younger ones like my sister (20 years younger) than me have no place to go. I can't afford to bring them with me even if they wanted to. I dk why she needed more cash. I literally paid for a new roof and add ons over the years.
Though she didn't needed to do that. her daughter and adult grand kids live with her. I dk why she did this. We all have jobs. There wasn't a time she wasn't getting rent from multiple people.
Just Another case of doing normal things while dark. It's crazy to me. How many years more until this idea gets diluted to the void?