My uncle passed and his house was placed in a trust. The market value was roughly $1.6 million. After a year, the trust sold the house for $1.2 million. THE NEXT DAY it sold again for $1.4 million. Two days later, it sold AGAIN for $1.6 million. Does this seem fishy?
The trust sat on the house for a year and sold it for 75% of market value. It was immediately flipped twice for multiple six-figure profits.
Does this raise any red flags?
Thanks!