Should I Stay or Should I Go Now

I can't afford to buy out my brother's share of the parental units' home.

The insurance company no longer wants to insure it.

If I put the insurance in my name, I lose the homestead exemption on the house, and the only policy I can get would be state pool insurance, which would also mean that I couldn't afford it anyway.

If we put the house on the market, it is a dead market and we'll be looking at who knows how long until we see a sale.

If we put the house on the market, it would need to be completely emptied, a job which would take a couple of very hard weeks of labor. I don't have any more vacation time, and I can't ask my brother to do it, because it would be very, very bad.

So. What the fuck do I do now?

I'm going around in circles like Conan on the wheel of pain. I can't see any way out of this, except to sell the house (unwillingly) and take two weeks (at least) of unpaid leave to get the house ready.

This is not the scenario my parents planned for. There must be another option. What it is, I have no idea.

On the upside, however, this seems to finally be the stress level at which I stop eating. I should be down to a size 4 by the end of the year. A suicidal, anorexic, miserable and probably chain-smoking, two-fisted drinking size 4, but a size 4 nonetheless.

Wish me luck.
Posted by .(JavaScript must be enabled to view this email address) on 07/25 at 12:51 PM in Maudlin Crap Posted by .(JavaScript must be enabled to view this email address) on 07/25 at 12:51 PM in My Mind is a WMD

(3) Comments
#1. Posted by Miss Bliss on July 25, 2006

I guess since you didn’t list it as one of the options that you don’t want your brother to buy you out of your share of the house.

So very sorry you are in this situation.  My experience from working in my Dad’s Estate Planning/Probate Law practice and seeing so many families in this situation is that doing what you will not regret in the long run is your best course of action.  Only you know what that might be.


#2. Posted by Stephan on July 25, 2006

Hey cuz,

Been there, done that, still in pain after all these years.  At this point I’m afraid you must do some serious exobox thinking.  Some things to consider (not necessarily in this order or preference):  renting the house, possibly with option so it can be sold ASAP;  donating it to the county historical society or some other such group for a huge tax write-off;  hiring someone to run a huge estate sale to clean it out quickly;  and alot of people are doing this for a quick sale - auction.  I truly wish I had some happier ideas for you but in your level of desperation and depression over the situation, your options have to be quick.  Good luck.  Just remember that your parents would do whatever had to be done and you are the only person to answer for your actions.  If you need another shoulder or just to talk about it, you know how to reach me.

#3. Posted by Dianne on July 25, 2006

As a long-term renter (who hates it) I think rent-with-option might be a really good idea. There are many of us out there, perfectly capable of paying a mortgage (we pay $850 a month rent), who simply can’t save up the down payment for a house. I’d JUMP at the chance to get a rent-with-option home.

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