Cash out refi property was in trust

[Martha Daisley]

Hi everyone

I have a question. I have a property that i had in a land trust for asset protection but recently (in march 2020) i took it out of the trust so that i could do a cash out refi. To my surprise, ive had two lenders tell me they cant do the cashout refi until the property has been in my name 6 months! This is so rediculous to me. Is this an industry rule? i looked on the fannie mae website and it said you can do the cashout as long as you were beneficiary of the trust which i was. But these lenders are saying no, the property has to be in my name for 6 months. Does anyone know if this is a standard rule for all lenders or were these two lenders just being difficult?

Thanks

Martha