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Updated about 9 years ago on . Most recent reply

User Stats

54
Posts
8
Votes
Cory LaChance
  • Investor
  • Lake Jackson, TX
8
Votes |
54
Posts

Proving ownership of property under a trust

Cory LaChance
  • Investor
  • Lake Jackson, TX
Posted

I'm working on a package deal with an investor for a few properties. I was doing some research on the properties (Looking up tax records and the like) and noticed that some of the properties are owned by a trust with an out of state mailing address. The properties have been vacant over a year and show similar ownership (each property is under some "education trust xxxx" with the xxx being the address number). I plan on making an offer soon, but don't want to get duped in some scam. What questions should I ask the seller to prove that he has the controlling interest of the property and has the right to sell?

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