Has anyone sold a home through HomeVestors? →
[More:]Continuing with our ongoing drama of getting my mom into a nursing home, we have begun the Medicaid spend-down, and part of that requires me to liquidate mom's properties.
The short story is that both places, but especially her condo, are dumps. The condo is simply unlivable without serious
work being done, which is something we neither have time or money to do. Plus, homes on that side of Indy simply aren't selling. It's not exactly the best part of town.
I've toyed with the idea of contacting one of those "We buy homes" outfits that you see advertised on phone poles. One place that actually has a billboard up near mom's place is a group called HomeVestors.
They say they buy properties "as is", which is really something we need. Again, I don't have the time or money to empty the condo. Everything would have to go to the landfill anyway.
Does anyone have any experience dealing with outfits like this? Mom still owes about $13,000 on the condo, and I really can't wait a year or more for the place to sell, as that will negatively affect Medicaid benefits.
I'm open to other options, of course. I've also toyed with the idea of contacting the mortgage company and telling them that mom can't continue making payments, and the condo is theirs. I'm not sure if that even possible to do, though.