Nottingham, MD · Member since 2014 · 109 posts · 37 votes
I am starting my direct mail campaign and while searching the Maryland state records for AO's I have run across a few that are listed with an owners name and then they are listed as a trustee. I am not 100% sure what this means for me trying to purchase it and how this works. I am researching on line real estate trustee's but I figured that this is the place to find better informed information. Any help is greatly appreciated.
Sorry if its a vague question but I'm not sure where to start on this one.
Investor · Willow Spring, NC · Member since 2009 · 5k+ posts · 3k+ votes
11y
Can't really tell without looking at the deed trail and recorded documents. Sometimes (most ?) a trustee will be simply the named individual (e.g. family member) who handles the asset for their relative (the beneficiary). Think Living Trust. But the trust can be an asset manager (e.g. BANK OF AMERICA NA TRUSTEE FBO Named Person). I have no idea the 'success' rate sending stuff to trustees.