Buying the Family Home - Zillow Real Estate Advice

Your siblings are being very generous to allow you to buy it for less than the recent "as is" appraisal.? ??? So, when you come up with the cash or mortgage to purchase it, first $50,000 goes to the equity loan payoff and the rest is distributed as per the terms of the will.?? Perhaps your share would be considered the "less than the appraisal", so the remainder would be split five ways (if that is what is defined in your father's will).

So, if the "as is" appraisal is $110 k, you could consider $10 k your down payment and pay $100k. ? $50k would go to the equity loan payoff and $50k would be split between your five siblings (as per terms of the will).

Source: http://www.zillow.com/advice-thread/Buying-the-Family-Home/473972/

calvin johnson festivus festivus nfl playoff picture nfl playoff picture Peter Billingsley Larry King