Is it possible that land owned by a trustee cannot be sold?
I am interested in land that is not currently for sale. The owner is listed as a trustee, so is it possible that it cannot be sold? Thanks.
Public Comments
- It's the same thing as an individual who doesn't want to sell. Don't get so hold up on the Trustee thing, it's really not that big of a deal. The Trustee is a person.
- It depends on the trust. A 'Trust' is a legal contract/agreement that has many different forms. If the current owner is a 'trustee' on the deed it's highly probable that the trust owns the land. Depending on the type of trust, it may be salable or may not be.
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