Land Trust - Posted by Mich_Mike

Posted by Brent_IL on February 11, 2002 at 13:56:56:


Land Trust - Posted by Mich_Mike

Posted by Mich_Mike on February 10, 2002 at 10:47:22:

I am about to take a true “0” option fee, pay the payments only L/O. The people are transferring next month and do not want to pay double payments. There seems to be about 10K in equity in the property.
I would like to have the property placed in a Land Trust to prevent any Liens from being placed on the property from the current owners.
I have never placed a property in a Land Trust before. I understand the basics of the idea, but would be greatly appreciative of any “how to” type of advice.
Thank you in advance.

Re: Land Trust - Posted by DavidV

Posted by DavidV on February 10, 2002 at 11:25:08:

I would suggest getting a land trust course (Bronchick and Louis Brown have good ones). Take the forms to a local lawyer and have them review them for your state. This would probably be easier and cheaper than walking into a lawyer’s office and having him draft you one from scratch. - Posted by Scott (UT)

Posted by Scott (UT) on February 10, 2002 at 23:56:45:

Re: - Posted by Carmen Doucette

Posted by Carmen Doucette on February 11, 2002 at 09:46:24:

I tried but it doesn’t exist. I tried, and they don’t exist either, could there be a different spelling?