Family trust? Can I act on this ?

[Alex Gallardo]

I was driving for dollars and found a property that looks vacant. I looked it up and there are other addresses on the county website and it’s also a “Family Trust”. Probably a stupid question but can I wholesale a family trust? And yes i looked it up and understand what it means. But does anyone have any experience with this type of property situation?

[Peter M.]

I don't see why not but I have never bought a property from a trust. You would just have to do some more leg work to find the trustee and get him/her to agree to sell it. You would probably want to see the trust document to make sure the trustee actually has the power to sell it. Trusts are not official legal entities in the sense that it can make decisions like a person. The trust documents will dictate who the trustors, trustees, and beneficiaries are and what authority they have all been granted. 

[Jeanine P.]

@Alex Gallardo Yes you can. I have bought from a family trust before and in addition they sold the other 4 to me! Contact the Trustee of the trust or mail a letter to the address where the tax bills are going.

[Alex Gallardo]

@Peter M. Thanks Peter!

[Alex Gallardo]

@Jeanine P. Great Thank You Jeanine!

[Jeanine P.]

Your Welcome!