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delliottg
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Epilogue: The property sold at auction today for about $20k. After fees, reimbursement for the survey and cutting in a road, we'll split about $12k between us, which means sibling E basically gets nothing, or possibly is still in debt to sibling A. I don't know the details of their deal. I'm glad I didn't decide to buy them out, it would have been a losing prospect.

Epilogue: The property sold at auction today for about $20k. After fees, reimbursement for the survey and cutting in a road, we'll split about $12k between us, which means sibling E basically gets nothing, or possibly is still in debt to sibling A. I don't know the details of their deal. I'm glad I didn't decide to buy them out, it would have been a losing prospect.

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delliottg
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Update: I spoke with sibling A at length tonight. We're going to reduce the asking price on the property tomorrow morning to see if we can generate some interest. I'm not hopeful, I looked at the hit numbers on the real estate agent's site since the original listing a few months back and they tailed off pretty quickly. I'm expecting the same again, but we'll see.

We also discussed some options for an outright buyout for the $6k amount previously discussed here. One of their suggestions was to deposit $1k/month in sibling E's account for four months instead of a lump sum which would likely disappear very quickly. I'm of two minds there, one I'd like to just be done with it, but on the other, I'd be assured that my sibling had a roof over their head for the next several months.

Update: I spoke with sibling A at length tonight. We're going to reduce the asking price on the property tomorrow morning to see if we can generate some interest. I'm not hopeful, I looked at the hit numbers on the real estate agent's site since the original listing a few months back and they tailed off pretty quickly. I'm expecting the same again, but we'll see.

We also discussed some options for an outright buyout for the $6k amount previously discussed here. One of their suggestions was to deposit $1k/month in sibling E's account for four months instead of a lump sum which would likely disappear very quickly. I'm of two minds there, one I'd like to just be done with it, but on the other, I'd be assured that my sibling had a roof over their head for the next several months.

Tweeted twitter.com/StackFinance/status/654748437447995392
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Chris W. Rea
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