Bronchick, and other. Lender did not mention a word about my Land Trust… - Posted by Dealmkr
Posted by Dealmkr on April 20, 2000 at 19:21:44:
Bronchick and others:
I purchased a property in Feb. (it’s a keeper). After rehabbing it and getting a great tenant in there. This week,I took a file with the deed, insurance binder, photos, lease agreement, tenant’s application, and more important docs.
My lender was busy gone when I dropped it off. He called today and said everything looks good BUT the deed list a trust and the insurance binder list a LLC as the owner. I said, the LLC is the beneficiary of the Trust. Would you like for me to Quit Claim it back to the LLC. He say, “No… I just wanted to know how the principal owner was…”
WHAT?? The lender did not CARE?
Wow… Man, is my lender cool or what??