Home Buying in Chicago>Question Details

M. D. Richar…, Home Buyer in Hyde Park, UT

can you purchase a property that is in trust?

Asked by M. D. Richards, Hyde Park, UT Fri Aug 24, 2012

I am interested in a property and I was told that the property is in trust, but it has been empty for years.

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Answers

5
Mr. Richards,

You can purchase a property in a trust the same as from an individual, the Trustee can sell it as permitted by the parties involved with the trust.


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0 votes Thank Flag Link Mon Aug 27, 2012
Yes you can. A lot of people put their properties in trusts.
0 votes Thank Flag Link Sat Aug 25, 2012
Of course. Sometimes it can take a bit longer to negotiate and sometimes it's just like any other transaction
0 votes Thank Flag Link Sat Aug 25, 2012
Yes, the beneficiary of the trust can direct the trustees to issue a deed
0 votes Thank Flag Link Sat Aug 25, 2012
Yes, any entity can sell a home, be it an individual, a bank or a trust.
0 votes Thank Flag Link Fri Aug 24, 2012
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