<prompt> Human: Posting with throwaway as to maintain privacy. Sorry for the overload of information but I was trying to include everything relevant. My husbands mother passed away he is the only beneficiary. She had a home with a tax value of 55,000 paid 65,000 in 2004. We are trying to decide whether to keep the home to sell, or rent, or let it go to foreclosure. A realtor has said she would list it for 67,000. We had heard homes that can be used as rentals are selling well in our area, BUT there are 2 similar houses for sale in the immediate area 1 that has been listed for 100 days, so might not sell anytime soon. 44,000 is owed on the mortgage still. No other major assets. Her death was traumatic, so about 15,000 is owed in medical bills no insurance, I plan on discussing reduced payoff with them. The home is also in a floodplain.We have worked hard to save could payoff the total 60,000 owed while maintaining our emergency fund, but dont want to do this if it is a terrible investment. If we estimate 150mo maintenance, 42mo taxes, 100mo flood insurance, 500mo for her mortgage --we would need to get about 800mo rent to pay ourselves back, which would be a stretch in that area. Maintenance I estimated high as there are several improvements we would want to make to the property. Selling or renting both seem like bad ideas at this point, but it also seems crazy to throw away the money his mom put into this home. Do we have any other option? What would you do in this situation? Another detail, we havent paid on the mortgage, so in our state NC a foreclosure wouldnt attach to us.  <response>: You dont inherit debt. That belongs to the estate.From your post its not clear on whether this estate is worth anything or not assets minus debts.throw away the money his mom put into this homeSounds like shes the one who threw money away. A home that i worth the same as it was 13 years ago after transaction fees, and only then maybe doesnt seem like something to throw good money after bad. 