Description
Reviewing offers for a court ordered sale * ENCUMBERED by a LIFE ESTATE DEED for the REMAINDERMAN position * in a fee simple, single family home. Contact your real estate agent for representation. PLEASE do not contact the Tenant OR show up unannounced in the driveway. The REMAINDERMAN position being sold requires: the financial upkeep of the structure and primary maintenance of the house, Payment of property taxes and insurance (approx $10,500/yr), Repair of appliances. Life Estate Tenant pays for utilities. No showings other than scheduled open house days and times. PLEASE do not ask additional questions about the tenant as they will not be answered. Property has steep, short driveway and is on cesspool. Offer Special Term to include: "The court ordered sale of the remainderman interest in the property may be delayed, withdrawn or stopped at any time and that Seller, Seller's agent, brokerage firm and anyone involved in any way is not responsible if the court ordered sale is terminated for any reason or no reason whatsoever. Subject to final court approval. This could be a potential short sale situation." Remainderman/Seller has an active real estate license in the states of Hawaii and Michigan.
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2BEDS
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0.28ACRES
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1BATHS
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01/2 BATHS
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1,000SQFT
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$250$/SQFT
School Ratings & Info
Description
Reviewing offers for a court ordered sale * ENCUMBERED by a LIFE ESTATE DEED for the REMAINDERMAN position * in a fee simple, single family home. Contact your real estate agent for representation. PLEASE do not contact the Tenant OR show up unannounced in the driveway. The REMAINDERMAN position being sold requires: the financial upkeep of the structure and primary maintenance of the house, Payment of property taxes and insurance (approx $10,500/yr), Repair of appliances. Life Estate Tenant pays for utilities. No showings other than scheduled open house days and times. PLEASE do not ask additional questions about the tenant as they will not be answered. Property has steep, short driveway and is on cesspool. Offer Special Term to include: "The court ordered sale of the remainderman interest in the property may be delayed, withdrawn or stopped at any time and that Seller, Seller's agent, brokerage firm and anyone involved in any way is not responsible if the court ordered sale is terminated for any reason or no reason whatsoever. Subject to final court approval. This could be a potential short sale situation." Remainderman/Seller has an active real estate license in the states of Hawaii and Michigan.