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life estate is for sale

Started by falcogold1
almost 17 years ago
Posts: 4159
Member since: Sep 2008
Discussion about
Anyone know how these things work? http://www.masseyknakal.com/listings/detail.aspx?lst=17898 This poses an excellent opportunity for an investor or user to purchase a townhouse at an approximate 50% discount today, knowing that upon the death of the life estate owner the Remainder Interest Owner will own the property 100%. Due to the nature of this sale, the property is not to be inspected nor should the life estate owner be contacted for any purpose. One foot in the grave the other on a banana peel..............
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