Posted by Dynasty on February 09, 2002 at 16:17:07:
I can’t answer all of your questions but, I have done 4 “subject to” deals and I just take deed in a land trust with the sellers last name and the words family trust. Ex: The Smith Family Trust. If the loan is in Joe Smiths name then tranfered into the Smith trust, who do you think the bank will guess the owner is. By law the bank can’t call a loan due, if you place your home in a land trust for estate planning purposes. If they really got into it they would have to get a court order to find the real owner of the trust.