Posted by Marc NJ on October 12, 2003 at 21:47:22:
NT
123’s of subject 2 - Posted by k(fl)
Posted by k(fl) on October 12, 2003 at 20:50:15:
ok i really need for something to be cleared up.
- when you have the seller put his property into a trust. What is exactly being entered. For example the seller IS the trustor, but who is the trustee ? ME, A freind of mine etc…
Is the the seller the original beneficiary and then assigns his interest to me where I become the beneficiary?
Also-
When you put the property into a Land Trust, and want to fill out the Warranty Deed is the Trust the Grantee on the deed, or is my LLC.
Also-
I have read some where you should also
include your contact information on the Warranty Deed to have all legal notices sent to you. The confusion in this reading was that they stated that it should say “my name”,trustee. I did not think that i was the trustee in the Land trust.