Trust
As Trust is basically a contract between the Grantor (you) and the Trustee (the person who will manage the Trust assets. In the Trust contract the Grantor (you) gives all of his or her assets, such as a home, bank accounts, and stocks to the Trustee (you or someone appointed by you). Your assets are then transferred to your beneficiaries when you die.
The parties involved are the Grantor, the Trustee, and the Beneficiary.
The trustee contacts the real estate agent and begins the sale process. Usually, there is a lawyer involved to handle distribution of proceeds to the beneficiaries, and to handle any legal matters that may arise during the sale.
One common meaning of a trustee sale relates to foreclosure trustee sale. The trustee is the institution that can foreclose; the beneficiary is the lender.
Call 510-418-9443 m, or email [email protected]
As Trust is basically a contract between the Grantor (you) and the Trustee (the person who will manage the Trust assets. In the Trust contract the Grantor (you) gives all of his or her assets, such as a home, bank accounts, and stocks to the Trustee (you or someone appointed by you). Your assets are then transferred to your beneficiaries when you die.
The parties involved are the Grantor, the Trustee, and the Beneficiary.
The trustee contacts the real estate agent and begins the sale process. Usually, there is a lawyer involved to handle distribution of proceeds to the beneficiaries, and to handle any legal matters that may arise during the sale.
One common meaning of a trustee sale relates to foreclosure trustee sale. The trustee is the institution that can foreclose; the beneficiary is the lender.
Call 510-418-9443 m, or email [email protected]
