QUESTION
Could a trustee be held responsible for foreclosure action against a property?
Asked on Jul 15th, 2015 on Taxation - Michigan
More details to this question:
A friend called me up and advised me that he would be using me as a trustee for various estates and properties he owes, now I am receiving letters from county tax collectors, along with banks advising me of foreclosure. Can there be some fraud involved ?
2 ANSWERS
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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It is an indication of suspicious activity when become a trustee without seeing and signing any trust documents.
Answered on Jul 20th, 2015 at 12:58 AM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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I would not dare to try to answer the question given the facts presented. I would most strongly suggest that you immediately make an appointment and counsel with an attorney bringing with you all documentation regarding this relationship.
Answered on Jul 15th, 2015 at 4:09 PM