Closing - Red flag?
Re: Thank you.
He has some very valid points! We have been on the other side! We owned property that my in-laws asked to put a home on. They thought they needed to be close by. I did not want to do it, but my husband insisted we help his parents out. So we did. They put a beautiful home on the land. Well 2 years later they divorced!!!!!! What a surprise! This is something we never would have dreamed of. They had been married 35+ years & a very old fashioned & religious family. Matter of fact when I was feeling uneasy about things, I was more worried how things would be handled if they passed away, I would have never thought they would have divorced. So sometimes when you feel like you know your family, things do happen. They had a very ugly divorce. Neither one wanted the other one to keep the home. They could not agree who could live there. My mother in law even refused to sell the home to us for less than the appraised value of it sitting on our property. It was just a mess. We had to hire an attorney to help us so we would not get stuck with a mess on our land. My Mother in law wanted to auction off the home & have whoever bought it pull it out. We were concerned who would clean up the site. We never received any money from them, we were even paying the taxes. We did this to help them out plus we still owned the land........ but it turned into an ugly mess. We finally ended up going through mediation (it was not aimed at us, they were fighting with each other, but it affected us). Finally the attorneys got them to agree to sell the home to us for a reduced price. We had to get prices of moving the home & did research that after a home was moved, it is not worth as much. So we ended up buying the home which we had no plans on doing, just to protect the value of our property. I would definitly discourage putting a home on somebody elses property (if it is not a mobile home park).
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