Posted by Bud Branstetter on October 26, 2000 at 18:03:26:
If the owner put his property in a land trust he would not be selling and would not be violating a DOS clause on his loans. If it were structured as a PACtrust he would not be selling. Most judgements are good for no more than 10 years. Some adverse possessions laws in some states reduce that if the holder does not try to enforce. The trust could end when the judgements do not have effect anymore. You would still have the use of the resident beneficiary’s buy in(down payment) and any positive cash flow.