Posted by Lynn Hahn on October 24, 2000 at 22:37:56:
Dear Confused Colleen (I like that)
I’m assuming that you are taking a property subject-to so please forgive me if I’m wrong.
The purchase agreement can be in your name or the name of an entity that you are using. You can specify that title will be taken in the name of a trust.
The people who you are buying the property sign a deed that deeds the property to your trust. This deed is recorded.
Your trust should have places for everyone else to sign.
Your trustee doesn’t have to attend the closing. For instance, our trustee is out of state and we mail the documents to him for a signature after the closing.
If you don’t already have a course on this subject, then you should consider buying one. It would be worth the expense. I recommend William Bronchick at http://www.legalwiz.com