Cost to renovate a gutted house Roosevelt NY

4 Replies

What makes the most sense???    Should I renovate the house or short sales and walk away.  

It's part of my Father's Estate, close to foreclosure.     Needs major repairs,   trying to way my options.   

Originally posted by @Gerald Jones :

What makes the most sense???    Should I renovate the house or short sales and walk away.  

It's part of my Father's Estate, close to foreclosure.     Needs major repairs,   trying to way my options.   

You don't honestly think anyone is going to provide you with any substantive response do you? You gave no information for anyone to opine. Is it worth fifty bucks or fifty million? Are the repairs in the tens of thousands or in the hundreds of thousands? Do you owe thousands? Millions?

If it isn't your loan, and your father's estate owes more than its worth, why would you spend ten minutes even thinking about it?

Gerald, 

What is the ARV? If you don't know, give the address and I'll research for you.

How much are the repairs?  What repairs are needed?

Has the estate been settled ?Are you authorized to make decisions on the house?

I'm from Nassau County myself and would be happy to review some options with you.

Carol