Re: Houston Investors - Posted by Terry (Houston)
Posted by Terry (Houston) on June 26, 2001 at 20:39:01:
Ahhh Yes, I did not explain clearly, Good thing I am not a Guru or I would be bashed unmercifully.
The problem comes when I stop the old insurance policy and issue a new one in the name of the trust with just the address as the trust name.
I know there are several schools of thought to the insurance issue but that way is working for me and my agent. He has been ‘schooled’ very well thank you.
The mtg. companies have had an issue with the “Street name” on a couple of instances. Dealing with a $5.00 an hour kid does not help.
I have not thought of the Lien issue but that is a good point to consider. I will look further into that.