Rolf is definitely correct in proposing you get advice from an attorney. I can, however, say with 80% certainty that you can get seller financing from a trust, as long as the note is signed by the correct parties, which I would assume would be the trustee and possibly the beneficiaries. I have wrapped notes from trusts on deals in the past. If Grandma Jones dies and her estate sells the old mobile home park she owned and carries the paper, there's nothing wrong with that. It happens quite a bit when the park is not of the caliber to get bank debt. The heirs' options would be to sell it for a penny on the dollar for cash, or carry the paper. To be honest, they are way better off to carry the paper in this scenario, as they are getting several times more in interest than they would in a CD, as well as a higher selling price.
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