Note: BCP Real Estate is not a law firm and its employees/owners are not acting as your attorneys. This is provided for educational purposes only and is not legal advice. The following is an illustrative, composite example, not a real client, and any names are fictional. It does not describe or promise any particular outcome.
Meet a man we’ll call Stan. He inherited a share of a fire damaged house from a relative. The place was a wreck after the fire. On top of that, the taxes went unpaid, and a lawsuit named him. So Stan wanted out of the fire damaged house fast.
At first, the damage made it feel hopeless. After all, who would want a burned-out home? Still, he did not want a lawyer or a court fight. Then he found a simple way out.
How Stan sold his fire damaged house share
Stan owned only his own portion. So he did not have to repair or rebuild anything. Instead, a buyer purchased his portion directly, in its damaged condition. Then the buyer took on the back taxes. After that, the buyer removed Stan’s name from the lawsuit. Because of that, the wrecked house became the buyer’s problem.
Even better, the process cost him nothing. Meanwhile, his relatives kept their own shares. Also, Stan signed from home, which kept it simple.
In the end, Stan let go of the fire damaged house without lifting a hammer. He owed nothing afterward. Now he carries no liability for the property, the taxes, or the lawsuit.
What this story shows:
A fire damaged house sells as-is, so you do not have to repair anything.
A buyer purchases your share, takes the taxes, and removes your name, at no cost to you.
If you want to be bought out of the lawsuit and have your name removed, no cost to you, call or text us at (469) 708-8003 today.
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