My mother passed away in February, leaving her house to my brother (at my request, as I took care of her for years, and begged that of her, as I didn't want to deal with the house and that was my one request.) Unfortunately, during a flood a few years ago, the original will was lost, and now my brother and I am both responsible for the house; I figured it was worthless, and planned to get a few things out and let it go to tax sale, and be done with it. However, a real estate agent claimed "she's sold houses in worse shape; I can get you 50 grand for the house, but it has to be stripped down to carpet and hardwood so it can be appraised." My brother now has hope, as my mom only had about 15 grand worth of debts at the time of her death, meaning that if this is true, my brother could indeed have some semblance of an inheritance, minus the debts, taxes, fees, etc, rather than nothing if it goes to tax sale. But there's SO MUCH STUFF!!!!! He seems to think that some dumpsters will fix the problem; I worry that the cost of dumpsters will add up; and that investing in multiple roll off dumpsters to clear it all out (at who knows how much; anyone have any experience completely stripping out a 3 BR two story house?) won't be the end of the expenses. What if there are improvements that need to be made? She had two cats; what if there are plumbing issues that need to be addressed, or electrical, or who knows what else? I mean, I know the house would be sold "AS IS", but still, I imagine it would need to be in code, and if so, those costs could add up. I would be fronting the costs of all of this through the estate account, and then be reimbursed upon the sale of the house, but if the costs outweigh the house sale, then I would be out a lot of money. Additionally, if for some reason, I front the money for part of it, but the house can't sell, then I would also be out whatever I've put in as well; I just don't know exactly where to begin or how to go about this all, and have no idea how to deal with this. I'm only 33 years old; my brother is 28, and I'm the oldest living family member; my father passed last August, and the rest of my family has also passed away.
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