Dork needs help from short sale pro's
I am doing my first short sale, I have arranged to put property into a land trust ( im in so. Florida) I am the trustee. If everything goes as planned, what happens at closing when everyone figures out that I ( as trustee) am short selling the property to myself. Am I a conflict of intrest??
Please help the stupid one (me) hehe 
I'm not a big fan of the Trust, though it does have some advantages given the appropriate application. Much like a short sale, it isn't right for every situation. By paying off the mortgage, aren't you forfeiting the benefits associated with a maturing mortgage loan?
Irrespective of what you do with the title to the property (thought a transfer of title can exact a negative impact upon several classes of mortgage loans) short sale consideration and relief is given to the mortgagor. Not directly to the Trust.
For a short sale to be approved by a mortgagee, you'll have to demonstrate that the mortgagor is selling the property via a Contract For Sale. The Purchaser will have to demonstrate his/her ability to close.