What does this mean?
I have seen this phrase a few times, and in context it appears to be a deceased estate or mortgage default property or similar, but Google hasn't really shed any light on what exactly this means wrt: a property listed for sale.
Hi there
I think you will find that the expression is just highlighting to a purchaser that there is no individual owner involved – as you say there is a trustee involved which may result from a deceased estate or mortgagee sale or sometimes when there are disputes in family law/defacto situations – there is a court appointed trustee to sell the property – it just puts you on notice that you may have to check how that person became trustee to see if they are authorised properly to sell the property.thanks
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