Buying a property using a trust. - Posted by Eric


#1

Posted by Eric on January 16, 1999 at 14:53:10:

Phil, thank you for your input in this matter. The articles were very helpful.


#2

Buying a property using a trust. - Posted by Eric

Posted by Eric on January 16, 1999 at 13:09:40:

I am a new investor and I am still unsure on the issue of using a trust. In the case of a seller selling a property and deeding the property to a trust, what interest does the seller still have in the property at this point as the “Trustor”(settlor,grantor). What legal rights to the property do the Trustee and the Beneficiary have to the property at this point. By deeding the property to the Trust, does this pass all legal right from the seller to the nemed Beneficiary at this point. Where does the Trustee fit into all of this. If the seller does not agree to put the property into a trust, how do you now handle the issue of the land trust. I don’t mean to sound simple in this matter but I am a beginner at this. I hope that some one can help me clarify this issue.

Thanks


#3

Re: Buying a property using a trust. - Posted by phil fernandez

Posted by phil fernandez on January 16, 1999 at 13:32:16:

Eric,

Go to the How to Articles. Scroll about halfway down and you will see How To Beat The Due On Sale Clause Part 1 and Part 2 by Bill Bronchick. Read the two articles. This will explain about the land trusts.