Judge approves two estate sales: Charlotte property to TennCare proceeds; Gardner Road sale authorized at higher bid

Summary

The court approved two petitions to sell estate properties: a Charlotte parcel appraised near $31,000 sold for $25,000 with proceeds expected to satisfy TennCare claims; and a Gardner Road property previously appraised at $324,000 approved under a $380,000 purchase contract after a prior sale fell through.

The court granted two separate petitions to approve sale of decedents' real property filed in estate proceedings.

In the first matter, the decedent died in January 2022 owning 355 Stage Road in Charlotte. The estate appraisal placed the property's value at approximately $31,000 and the court approved a contract for purchase at $25,000. The petitioner reported that TennCare (the state's Medicaid agency) was expected to receive the sale proceeds consistent with estate claims; the presiding judge approved the sale and signed the order on the record.

In the second matter, the decedent died in September 2022, leaving real property at 185 Gardner Road. The property had been appraised in 2023 at $324,000 and a previously approved sale fell through. The estate subsequently secured a new contract with a purchase price of $380,000; the court heard no opposition and granted the petition to approve sale.

Ending: The clerk will enter the signed orders and the petitioners were instructed to coordinate payment of proceeds consistent with estate administration and any creditor claims (TennCare referenced in the first matter).