My father passed away in November from a long battle with cancer. He lived in Northern New Hampshire. He owned 1,462 aches of land in many different chunks. To be exact, 7 large chunks. Varying from 90 acre sized chunks to 400 acre size chunks. The chunk that is not on an easement is the homestead. It's the only part of the puzzle we are 100% trying to keep. We would prefer not to lose any of it.
There used to be a bunch or sources of income, he had dairy cows, beef stock, sheep, maple syrup and stumpage from the acres of woodland.
6 of the largest chunks if land are in a conservation easement, meaning we can not split them into smaller chunks. You can no develop on the land. You cannot clear cut the mountain. The taxes are enormous. ~$16,000 a year. We are unable to produce any sources of income to pay back debts owed through medical expenses for my father's medicines.
Medical debt adds up to ~$96,000 Back taxes and insurance ~$40,000 Money owed on farm equipment ~$10,000 Various credit card debt ~$7,000
Life insurance policy was burnt paying off debt and trying to get family out on time to see him before he passed. Livestock was sold in June to pay down as much debt as possible on taxes.
My step mother is working, the Yankee credit union needs a plan on how we plan on paying back our debt with no income. We can't get any money to start anything up again.
I just got work for a 5 week stint to raise some money fast in Colorado. But nothing great. The debt is building and we are on the cusp of losing something that has been apart of my family since the town was it's own country in the early 1800s.
I don't know what to do or how to do it. Any ideas, or things we could chase down could help. Thank you.
Submitted March 27, 2019 at 09:22PM by micahamey https://ift.tt/2HWLNS7
