Rental Property Investor · Arlington, TX · Member since 2012 · 788 posts · 640 votes
I purchased 2 properties via Sub2 back in 2010 from another investor. He assigned the Beneficial Interest in a Land Trust (current deed holder) to me as well as a POA and other docs. Mortgage stayed in his name. Well........ I never did ask for the Land Trust Agreement and now in order to refi loan Title company is needing document in order to close. Investor had a flood several years ago and lost several files including this one. Any ideas on how we can close this without producing Land Trust Agreement?
Investor · Riverside, CA · Member since 2011 · 2k+ posts · 3k+ votes
9y
Fire up good old Word and print new ones. All you need to know is the name of the trust, trustee and date. Trusts are personal property. You can change them at will without notifying anyone and they do not need to be notarized. Swapping out the trustee is the only doc you might consider recording just to protect yourself if you have a falling out with your acting trustee.