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Updated over 1 year ago on . Most recent reply

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Joe S.
  • Investor
  • San Antonio
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Owner financing a property in a land trust

Joe S.
  • Investor
  • San Antonio
Posted

I had one investor tell me before that they put their properties into a land trust and then owner finance the property without taking it out of the land trust. I had a hard time wrapping my mind around that. Any land trust experts out there?

  • Joe S.
  • Most Popular Reply

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    Don Konipol
    #3 All Forums Contributor
    • Lender
    • The Woodlands, TX
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    Don Konipol
    #3 All Forums Contributor
    • Lender
    • The Woodlands, TX
    Replied

    The property ownership was not transferred, control of the entity was. If the property was owned by a corporation the Corp stock would have changed ownership, with title remaining in the name of the Corp. if the property was titled in an LLC, the membership of the LLC would change. In a transfer of trust, it's the beneficiary of the trust that changes, sometimes along with the trust protector ( if the trust has one) or trustee, and trustor. The title remains in the trusts name. Did the investor tell you why he did this instead of a simple title transfer?

    • Don Konipol
    business profile image
    Private Mortgage Financing Partners, LLC

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