Posted by William Bronchick on January 27, 2002 at 20:40:10:
The deed gets recorded, not the trust. A person can be both trustee and beneficiary.
My “Land Trusts” course shows you how to do this.
living trust. - Posted by David Garcia SC
Posted by David Garcia SC on January 25, 2002 at 16:17:00:
I read the articles on how to beat the due on sale clause.
It stated that we can have the seller transfer title to a living trust. Then name the buyer (investor) as the beneficiary, but that doesn’t get recorded. My question is:
- Can buyer be both trustee & beneficiary?
- How can buyer or investor make money upon selling this home, if he never recorded the document that says that he’s the beneficiary?
- What documents get recorded then?