Okay, I’m going to retract my statement about it being *very* shady. After looking at the condition of the house (via the internet), and comparing it to the comps, this would be an exceptionally good deal, and might not warrant *very shady.*
However, the fact that this house was not put on the open market leads me to believe that the trustee of the estate did not do his/her job. Everyone knows that the best price is achieved by opening up the market to the greatest possible number of potential buyers. If the son is disabled enough to live in a group home, he’s not capable of making the decisions for the estate, and I’m sure his parents would have wanted to maximize whatever the estate could get for the home in order to care for their son. Because of that alone, this looks unethical, to say the least. It warrants some more attention.
An afterthought…maybe the neighbors were such good friends that they are trying to help this son by flipping the house for the highest possible price and then giving him the net profits. It’s a long shot, but at least it’s a possibility. Just trying to think of the different angles.
