If the tax records say:
Owner: 1st National Bank Custodian
Does that mean the property is an REO?
or
Does that mean the bank is a custodian of a trust held for their customer?
Thanks!
If the tax records say:
Owner: 1st National Bank Custodian
Does that mean the property is an REO?
or
Does that mean the bank is a custodian of a trust held for their customer?
Thanks!
Howdy Zoey:
The bank is the trustee for a customer as custodian, usually a minor in a custodian relationship.