Posted by AdamFL on February 03, 2002 at 09:28:03:
David,
(1) You use an “assignment of beneficial interest in trust” form. Bronchick has one in his Alt RE Financing course.
(2) Don’t record anything but the deed!
(3) If the property is deeded to you as trustee, you have the right to sell the property. At sale, the trustee will be paid to disperse to the beneficiaries (ie., your company). You should also have a power of attorney just in case.
How do I become beneficiary of a trust? - Posted by David Garcia
Posted by David Garcia on February 03, 2002 at 24:37:40:
In a subject to deal, seller creates a trust & buyer or another designated by him becomes trustee. Then in another sheet of paper, seller assigns you as beneficiary, my question is: What form or document is used to become the beneficiary? Is this form recorded? If not, how will I get paid ince I sell?