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Sell interest in a land trust, evict upon default?
I've read a Land Trust book that said Land trusts sell or assign beneficial interest, which is personal property. Which means upon default of the sale you do not have to foreclosure, may may take non-judicial repossession.
Can anyone confirm if this means you could sell on owner financing and evict upon default with a land trust and proper agreement?
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John Underwood
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A land trust does not shield you from having to foreclose on someone that has an equitable interest in a property.