{"id":238,"date":"2019-08-22T21:53:53","date_gmt":"2019-08-22T21:53:53","guid":{"rendered":"https:\/\/www.kars4kids.org\/real-estate\/stories\/?p=238"},"modified":"2020-07-06T09:28:55","modified_gmt":"2020-07-06T09:28:55","slug":"inherited-property-donation","status":"publish","type":"post","link":"https:\/\/www.kars4kids.org\/real-estate\/stories\/donor-case-studies\/inherited-property-donation\/","title":{"rendered":"How Long Distance Management and Debt was Relieved by Real Estate Donation"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Charitable donation of inherited property<\/h2>\n\n\n\n<p>Dr. James from New Jersey had inherited a home in Chicago\nfrom his late uncle.&nbsp;The house came with an empty lot and a small cottage\nin the back. It was too much. The doctor couldn\u2019t take care of the property\nlong distance along with his many other obligations, and the costs of holding\nonto the property were adding up. <\/p>\n\n\n\n<p>James decided to offer the home to <a href=\"https:\/\/www.kars4kids.org\/real-estate\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Kars4Kids (opens in a new tab)\">Kars4Kids<\/a> as a donation. In the course of the title process, however, it was discovered that a large sum of money was owed in unpaid property taxes. <\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p> Dr. James had not been aware of the magnitude of the debt when the house came to be his, because in the jurisdiction of the Chicago area in which the home was located, tax bills are sent in arrears.  <\/p><\/blockquote>\n\n\n\n<p>The good news for Dr. James is that <a rel=\"noreferrer noopener\" href=\"https:\/\/www.kars4kids.org\/real-estate\/\" target=\"_blank\">Kars4Kids<\/a> stepped in to pay the outstanding amount at the time of the closing. We then put the home on the market. It wasn\u2019t too long before we found a buyer, then sold the home for a slim profit\u2014money that would go to fund charity. <\/p>\n\n\n\n<p>All in all, the debt that came with this building could have been crushing. But <a rel=\"noreferrer noopener\" href=\"https:\/\/www.kars4kids.org\/real-estate\/\" target=\"_blank\">Kars4Kids<\/a> was able to turn loss into a small profit\u2014money to benefit charity\u2014and take a man\u2019s burden away. We consider this a good real estate ending. (Wouldn\u2019t you?)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Charitable donation of inherited property Dr. James from New Jersey had inherited a home in Chicago from his late uncle.&nbsp;The house came with an empty lot and a small cottage in the back. It was too much. The doctor couldn\u2019t take care of the property long distance along with his many other obligations, and the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":239,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[4,9],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Charitable donation of inherited property - Kars4Kids Real Estate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kars4kids.org\/real-estate\/stories\/donor-case-studies\/inherited-property-donation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Charitable donation of inherited property - Kars4Kids Real Estate\" \/>\n<meta property=\"og:description\" content=\"Charitable donation of inherited property Dr. James from New Jersey had inherited a home in Chicago from his late uncle.&nbsp;The house came with an empty lot and a small cottage in the back. It was too much. The doctor couldn\u2019t take care of the property long distance along with his many other obligations, and the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.kars4kids.org\/real-estate\/stories\/donor-case-studies\/inherited-property-donation\/\" \/>\n<meta property=\"og:site_name\" content=\"Kars4Kids Real Estate\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/kars4kids\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-22T21:53:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-06T09:28:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.kars4kids.org\/real-estate\/stories\/wp-content\/uploads\/2019\/08\/shutterstock_152123051.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"669\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"k4kblog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@kars4kids\" \/>\n<meta name=\"twitter:site\" content=\"@kars4kids\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"k4kblog\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.kars4kids.org\/real-estate\/stories\/donor-case-studies\/inherited-property-donation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.kars4kids.org\/real-estate\/stories\/donor-case-studies\/inherited-property-donation\/\"},\"author\":{\"name\":\"k4kblog\",\"@id\":\"https:\/\/www.kars4kids.org\/real-estate\/stories\/#\/schema\/person\/fb94fa991d047f9a8dad6bc7881ce6c9\"},\"headline\":\"How Long Distance Management and Debt was Relieved by Real Estate Donation\",\"datePublished\":\"2019-08-22T21:53:53+00:00\",\"dateModified\":\"2020-07-06T09:28:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.kars4kids.org\/real-estate\/stories\/donor-case-studies\/inherited-property-donation\/\"},\"wordCount\":257,\"publisher\":{\"@id\":\"https:\/\/www.kars4kids.org\/real-estate\/stories\/#organization\"},\"articleSection\":[\"Donor case studies\",\"House\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.kars4kids.org\/real-estate\/stories\/donor-case-studies\/inherited-property-donation\/\",\"url\":\"https:\/\/www.kars4kids.org\/real-estate\/stories\/donor-case-studies\/inherited-property-donation\/\",\"name\":\"Charitable donation of inherited property - 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