Skip to main content

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
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/lsnae0/own_tn_land_13with_five_others/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

warning about Biggins and Scott Brunswick

his is a general warning for people who use this agency to rent a property. I am going to share a disgusting experience that I had with the above agency. I was new to the rental experience after a marriage breakdown so I answered a add on Real Estate .com and met a guy in Maribyrnong to look over a apartment . He suggested he was not only going to be my roommate, but he also worked at the company in Brunswick. All looked good and myself and a lovely lady moved in to the apartment in late March. Everything was going well ,we were paying our rent and things were moving forward with 3 people coming from different age groups and different upbringings. Then on the 25th of June out of nowhere 3 Breach Notices appeared on my email from my roommate but on Biggins and Scotts letterhead. I was completely surprised and after trying to reason with the sender of these documents, I then decided I had to call his boss the Director of Biggin and Scott in Brunswick. David told me that he was ...
Post a Comment
Read more