Updated almost 2 years ago on . Most recent reply
Buying a house and seller put the house into a trust before he sold it
So I was set to close on a house today and the title company called me saying closing would be delayed a few days because the seller, without telling title, put title into a trust last week. Luckily the title company caught it before closing and are working with his lawyer to make sure the necessarily documents are signed prior to closing.
The seller is an old guy and everyone claims it was an honest mistake which I'm inclined to believe. My question is.. is it possible anything nefarious was going on? The only thing I can think of is at this point is A) Does it give him some added layer of protection if it was found out that he misrepresented smoothing about the condition of the house?