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Updated almost 9 years ago on . Most recent reply

User Stats

2
Posts
1
Votes
Alex Leonov
  • Wholesaler
  • Raleigh, NC
1
Votes |
2
Posts

What does this mean in a real estate tax record?

Alex Leonov
  • Wholesaler
  • Raleigh, NC
Posted

Hello, I'm curious as to what it might mean when the following is written under "Property Owner" in a real estate tax record:

EQUITY TRUST COMPANY, CUSTODIAN FBO
JOE SCHMOE IRA

or 

EQUITY TRUST COMPANY /CUSTODIAN

Does this mean that the owner's IRA claims title to the property?

Thanks!

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