I mean, he plainly explained that there’s a son bogging down the estate over the house. He might have said “worthless” but I’m sure it’s more like some land value and essentially zero structure value, so they might want to get a few thousand, while he blocks that transaction holding out for ten-fold. He also asserts the county tax assessments are not consistent with market value, and I think most people who have dealt with tax assessments can relate to the disconnect between realistic market value and tax assessment, one way or the other.
Or even if they did say “fine, you know what, take the property and we’ll take the rest and you can deal with trying to extract the value you think there is”, if he doesn’t agree to that you can’t really force it short of fully disclaiming yourself out of the entire estate. So if the man had $200k in other assets, then that would be an expensive thing to forfeit for the sake of not dealing with a busted house on a bit of land.
I mean, he plainly explained that there’s a son bogging down the estate over the house. He might have said “worthless” but I’m sure it’s more like some land value and essentially zero structure value, so they might want to get a few thousand, while he blocks that transaction holding out for ten-fold. He also asserts the county tax assessments are not consistent with market value, and I think most people who have dealt with tax assessments can relate to the disconnect between realistic market value and tax assessment, one way or the other.
Or even if they did say “fine, you know what, take the property and we’ll take the rest and you can deal with trying to extract the value you think there is”, if he doesn’t agree to that you can’t really force it short of fully disclaiming yourself out of the entire estate. So if the man had $200k in other assets, then that would be an expensive thing to forfeit for the sake of not dealing with a busted house on a bit of land.