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Updated almost 8 years ago,
Opportunity to buy home in a Trust from a family friend
I've just been approached from a family member of close family friends who both passed away and she has the home in a Trust. What's the process for getting the home out of the Trust so she can sell to me and how long does this usually take? I'm in Texas (Dallas County) as this might be helpful since this can vary from state to state or county to county.
Home hasn't been updated since purchased in 1961 and is only 1,254 sq.ft. A great quick turn depending on foundation, roof, HVAC and electrical/plumbing. Homes in the area go for $175K - $195K depending on updates. Tax roll is $109K which to me is a good baseline to offer minus big ticket items listed above.