Posted by DavidV on July 18, 2003 at 24:38:06:
If you are looking to hide ownership it would be best to put it in a trust to start. However, it is hard to find a bank that will loan money to a property in trust. Most will want you to deed it out to get the financing, then put it back in the trust after the loan is done. If you can’t locate someone to lend to a trust, no need to start in a trust if you have to deed it right back out. I didn’t look very hard, but in the few inquiries i made i didn’t find anyone that would lend to a trust.