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more theft from your council
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Madam X
May 14, 2015, 1:02pm Report to Moderator
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Quit claim the house to your elderly female relative, so she can lose it because she can't afford the taxes, which are nearly 8k, or rent it back at the cost of mortgage and taxes, which they couldn't keep up with in the first place?
BTW, I've mentioned before a young man who ended up renting out a house he couldn't sell, bad idea, a lot of tenants WANT to rent your nice house, but unless you go into your own pocket to make up the difference between what it costs you to have the house (mortgage, taxes, insurance) and what tenants can actually AFFORD to pay, you end up evicting someone who owes you three months rent, which you will never see. The young man finally ended up lowering the price enough to make it attractive to an 'investor', to get it off his hands.
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bumblethru
May 14, 2015, 1:51pm Report to Moderator
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Quoted from Sombody


Quit claim the house to grandma and rent it back .  


we know someone in ROTTENdam who did just that!


When the INSANE are running the ASYLUM
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche


“How fortunate for those in power that people never think.”
Adolph Hitler
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Sombody
May 15, 2015, 6:20am Report to Moderator
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Quoted from Madam X
Quit claim the house to your elderly female relative, so she can lose it because she can't afford the taxes, which are nearly 8k, or rent it back at the cost of mortgage and taxes, which they couldn't keep up with in the first place?
BTW, I've mentioned before a young man who ended up renting out a house he couldn't sell, bad idea, a lot of tenants WANT to rent your nice house, but unless you go into your own pocket to make up the difference between what it costs you to have the house (mortgage, taxes, insurance) and what tenants can actually AFFORD to pay, you end up evicting someone who owes you three months rent, which you will never see. The young man finally ended up lowering the price enough to make it attractive to an 'investor', to get it off his hands.


Ok ill give it to you first hand-

My grandmother died exactly 30 years ago. Vacant Our lady of Mt Carmel  church was for sale for 20 grand !  Was anyone paying attention -
Our " family estate " became a hot potato- first quit claimed it to my great aunt- ( formerly of weaver street of all places) - then she died, then we quit claimed it to her brother ( a retired vet ) when he died we found renters and then we quit claimed it to them.  Get the picture ?

O I still have all the notes and comments from the real estate agent as we tried to sell it in the 90 's they are hilarious . The 90 "s when most of you were in a coma.

Now we recently sold our house no where near Schenectady ( but for sentimental reasons we left Weaver street shutters in the attic ) for many many hundreds of thousands of $.

How come we had this figured out 30 years ago ?
When churches leave town- pay attention. No one 'lost' anything and no one stole anything .


Oneida Elementary K-2  Yates 3-6
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Madam X
May 15, 2015, 10:10am Report to Moderator
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There are reasons which I've stated why this would not work at all for these women and others like them. You don't get it.
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