Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

3
Posts
3
Votes
Adam Garrett
  • New to Real Estate
  • Jacksonville, Fl.
3
Votes |
3
Posts

Buying a property from a living trust

Adam Garrett
  • New to Real Estate
  • Jacksonville, Fl.
Posted

There is a property that I wanted to purchase a couple of years ago but came off the market for unknown reasons at the time before I had an opportunity. It is now showing in pre-foreclosure and a law firm is listed as the trustee and the house is part of a living trust. I would assume that it would end up in an auction but I'm not sure.

Has anyone dealt with purchasing properties from a living trust with a law firm listed as the trustee? Who should I contact? Are there RE agents who specialize in this type of transactions? Any information you could provide would be appreciated.

Thanks!

Most Popular Reply

User Stats

333
Posts
458
Votes
Jerry Lucker
  • Flipper/Rehabber
  • Seattle, WA
458
Votes |
333
Posts
Jerry Lucker
  • Flipper/Rehabber
  • Seattle, WA
Replied

@Adam Garrett

Talk to the attorney handling the trust. They should be able to sell without an auction.

Loading replies...