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Private Lending & Conventional Mortgage Advice

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Justin R.
  • Rental Property Investor
  • San Anselmo
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581
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Lending on property held in trust

Justin R.
  • Rental Property Investor
  • San Anselmo
Posted Jun 15 2018, 10:02

I recently placed my personal home into a Trust. Later I attempted to utilize some equity within my home but have been running into problems.

For the sake of anonymity, my asset protection attorney uses his name as trustee when the deed is filed. On the trust contract itself, it states "once filed, the trustee is not longer Attorney John Doe, and 100 percent ownership/trustee becomes John Myself"

The problem lies with the bank, as they require my personal name on the publicly recorded deed. Has anyone had this issue? How do I stay with my anonymous to public, yet not to the bank?

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