Tax Deficient Properties & Trusts
Hello BP! I'm a newbie here, and for my first project, I got my hands on a tax deficient properties list from a nearby County and I noticed that "Tr" follows many names of properties. My assumption is that "Tr" means that property is owned by a Trust. Am I right here, or off base?
If the property is owned by a Trust, is it worth reaching out to the Trust/Owner? Are there differences is trying to make a deal with a trust as opposed to a regular owner? Anything about Trusts to keep in mind generally?