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No worries, you don't seem to be appreciably more cynical about my mom than I am. I did say it's only an outside chance she lives to 110. If I had to bet on i
by throwawaymaths 4y ago
No worries, you don't seem to be appreciably more cynical about my mom than I am. I did say it's only an outside chance she lives to 110. If I had to bet on it, I'd bet against.
The bank is taking a risk though, even if they did get recover with the estate, that's got to be a pain in the ass. I wonder at what point the administrative cost of getting that house resold doesn't make sense.
- lordnacho 4y agoI suspect they get a probate lawyer to just dump it off cheaply to a lucky buyer. If the equity in the house is over 20% or so it's unlikely it would sit long on the market, for instance you give a 10% discount and someone will happily get that done fast.