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Own TN land 1/3...with five others.

Okay...we own about 40 acres in NE TN. No house...rugged land. No structures. Not lived on (that we know of) since 1960 or so. Has had some logging in the past without permission. My mother owned it and passed away about 1993. Thanks to the person that was executor of my Mother's estate it is still in my Mother's name but there two 1/3 owners and 4 1/12 owners. My Mother had a will but my sibling that had a 1/3 had no will. No arguement there...four kids each with 1/12.

No real interest selling yet...county says value is about $110,000 had lowball offers from bottom feeding companies.

Am I wrong for wanting to clean up the ownership to open our options to more than just pay the taxes?

Thoughts on cleaning things up...and how things are done in TN. 2/3 owners in CA and OR...1/12 owners two in CA, one NY and last in HI. Don't think any of us have any intention of moving there...a trust? Pass the mess on to the future generations? Arrgh!

submitted by /u/sanmigmike
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source https://www.reddit.com/r/RealEstate/comments/lsnae0/own_tn_land_13with_five_others/
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