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Updated almost 14 years ago, 02/25/2011

User Stats

34
Posts
5
Votes
J M.
  • Nashville, TN
5
Votes |
34
Posts

Who is the trustee? and why is he buying my deals?? LOL

J M.
  • Nashville, TN
Posted

Guys... anyone could explain to me how the trustee guy is buying all his properties? There is this title company that is owned by Mr X and he is the trustee and also investor. Isn't there a conflict of interest that he buys these?
I am having trouble understanding why the trustee is needed and when he is used, before it is an REO listed on the MLS.. kind of confused.. anyone would like to explain the need of the trustee and why he is needed?
thanks a ton

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