How does the “Inheritance Trust Sale” works?

This short video will explain “What is a successor?” and it will make it easier to understand our data. Remember you can reach the heirs by phone or mail.

In this blog post, we are going to explain the mechanics of an inheritance trust sale in simple language.

There are about 500,000 properties a year that sell or transfer the title as inheritance properties. At SuccessorsData.com, we refer to the inheritance property records as the following three categories: 

Let us discuss the Category 1 further.

Here are actual examples of  inheritance trust sale properties that we posted on SuccessorsData.com.

Example One:

On May 18, 2007, an individual named, Shelva G. Lindsay created a living trust and transferred her property located at 613 Cypress St. Beaumont. Ca. 92223 into a Family Living Trust called

“The Shelva G. Lindsay Revocable Trust, dated November 18, 2007″

She also designated herself as the trustee of her Trust and Mr. Jerry D. Vaughn as her successor. She did this to avoid probate in the event of her demise. 

After Mrs. Shelva passed away in Beaumont, California, on February 22, 2014, Mr. Jerry D. Vaughn, who was designated by Mrs. Shelva, immediately became the successor to her trust.

As a successor, Mr. Jerry D. Vaughn now has the power to sell or transfer his title to the property just as Mrs. Shelva Did.

There are three parties to the Shelva Trust:

Grantor – Shelva G. Lindsay – Original Trustee
Trustee – Jerry D. Vaughn – Successor Trustee
Beneficiaries/heirs – Listed in the trust document and could be anybody.

Mr. Vaughn decided it was best to put the property on the market and sold it as referenced below:

Notice in the Grand Deed (image below) how he signed the deed as “Successor Trustee”;

Notice (shown below) the property was sold and closed escrow in less than 2 months from Mrs. Shelva’s passing. The reason behind this fast real estate sale was the “Living Trust” that was created by Mrs. Lindsay. If there was no living trust, this would have been a probate sale and in California it would have taken a minimum of 6 to 12 months to completed the sale.

How often does this happen?

We post about 800 inheritance properties a day nationally. This group of people has worked hard throughout their entire lives and by creating a living trust they pass on their legacy to their loved ones, who will become successors as Mr. Vaughn did. By having a living trust, the Successor will avoid probate court proceedings in the future. The property can simply be sold on the market without any court proceeding or strings attached to the probate courts.

As of today, Successorsdata.com has over 320,000 of these property records nationwide available for you to contact.

Here are some more examples of Inheritance Trust Sale properties:

Notice the word “Sale Type: Standard” has been highlighted (shown above). “Standard” means an ordinary sale. Mrs. Olseon who left her legacy was a retired school music teacher. (You can find out about all these details on our website.)

Take a look at this transaction (shown above). An individual name Brain K. Hagensieker owned a property located at 20112 Winton Rd. Corona. Ca. 92881. After his demise, his trustee listed the property and sold it to an investor for $238,000.

Now guess what the investor did?

He fixed and sold the property for $100,000 more (shown above). See if you can recognize the house?

Property below was sold right through the MLS to an investor with over $200,000 gross profit margin. Notice, it was sold in less than 40 days of the individual’s demise. Again, No PROBATE, fast sale…

See if you can recognize the renovated property (shown below).

If you are not a subscriber yet, click on the button for a free sign up and see if we have data in your zip code.

 

  Successorsdata.com 

Connecting you to motivated sellers.

Tel 909-315-5330

Above is an example of a property being sold directly to an investor. The investor made $49,000 gross profit.

Below is an example of an inheritance trust held property sold in Washington.

Can you guess the probable reason as to why the property below was sold in San Francisco?

Notice how the title was transferred.

Here is the reason why we posted the information on this property on our website.

Getting your next deal should not be complicated.

You do not need to reinvent the wheel, we have done this for over 20 years, follow our instructions.

Successors are ordinary people with an assignment to sell or transfer title to the real estate properties owned by the trust they are managing.

Think of successors as you did about REO’s Asset Managers for the banks. They need Realtors and Investors to accomplish their real estate objectives assigned to them by their deceased loved ones.

Every two weeks we provided new data and also remove the sold properties from our subscribers selected records.

We give you full support and answer any questions you might have. We tell you what works and what does not when you are trying to contact the heirs, for example, never mention the reason you are contacting the heirs of a property is because you have the knowledge of someone’s passing.

Inheritance property records we post on our website belong to the individuals who were more than 77 years old. Therefore, you are dealing with heirs who are over 50 years old. They simply want their money now!

You can reach the heirs by phone or mail. You can search, select, create your mailing letter and print in seconds.

Call for a FREE ON-LINE DEMO of our data at 909-315-5330.

To find out if we have data for your zip code/s click on the start button.

 

  Successorsdata.com 

Connecting you to motivated sellers.

Tel 909-315-5330

Probate or Trust sales in Washington