Posted by JT-IN on July 15, 2003 at 15:58:46:
I completely understand that technically when transferring the Beneficial Interest of a Land Trust you are not transferring realty, but personal property. I understand the theory quite well.
Now with that said, call your counties Auditor and ask the question… Call several Title Company Atty’s and ask that same question… I have and the minute it is known that the controlling interest has transferred, then they want reporting… because the want the fee…
If you can find a RE Atty who will not feel compelled to report the results of the sale of Ben Int of a Trust, so be it… I haven’t been so fortunate. It seems each one I have dealt with avoid non-reporting like the plague…
Just my experiences… and I think that these vary from locality to locality… as I stated in my original post on the subject.