Posted by JohnBoy on February 20, 2002 at 16:21:18:
The land trust helps to conceal the property has been sold and transferred from the lender. If the lender ever checked title they would only see where the property was deeded into a trust.
If you don’t use the land trust and the lender did happen to ever check title they would see where the property was deeded to you. They may or may not call the loan due if they found out about it, but why even risk it when you don’t have to by deeding to the land trust first?
I think you can buy the land trust forms from Bronchick’s site and have it downloaded once you submit payment.
Go to www.legalwiz.com and click on legal forms.