Purchasing from the Trustee in St. Louis County

[Janel Wilsey]

Hello St Louis investors. I travel back and forth to St Louis for work, and am seriously considering doing some investing. I saw a few properties In Country Club Hills City that are owned by the county trustee.

Has anyone here bought a property from the trustee? (the properties on this list: https://stlouiscountymo.gov/st.../revenue/trustee-office/) also here is the GIS map for the properties: St Louis Trustee Sales

How did you choose what to bid on the property based on the instructions they put out. I have tried to call the office to get some guidance, but so far have not connected. I will send them at email once I know a few properties that I want to bid on. 

I will need to do my due diligence on the properties, so am working to find a team including a lawyer that can help with quiet title, as well as a title company to help me get the title search done and other ways to research what is happening with the property. 

Many thanks!

Janel 
lindyjan 

[Mary Cerone]

@Janel Wilsey

Hi Janel,

On the St. Louis County Website there is a Flow Chart of the Bid Process in the same area where you find the Inventory of Trustee Parcels. It looks like the Bid has to be greater or equal to 20% of the Assessors Opinion of Value.

I have purchased properties from the county though the process seems to change a bit each time and happy to answer any additional questions you may have.