Re: Buying under a Land Trust - Posted by Stacy (AZ)
Posted by Stacy (AZ) on March 26, 1999 at 13:15:39:
Don’t mention it on the sales contract, it’s not needed and may confuse sellers. Just use your name there.
At the time of closing, create the land trust using a declaration of trust, and have the seller deed it into the land trust by using a “Warranty Deed to Trustee”. This is the document that gets recorded, but do not record your declaration of trust.
I agree with Bill Gatten. You really need to learn about it before you try to do it. For example, the deed to trustee is a very specific form of deed. Anyway, your on the right track considering asset protection.