Sub2-LO-Land Trust Mechanics
I am curious, when you buy on a LT, who makes the offer? You, and then assign it to the trustee?
ie.
Sam makes offer to seller
contract on Sam's name or trust name?
Then transfer to trustee for the benefit of the trustor (Sam or trust name)
I am sorry if I've made it more confusing
Thank you
[addsig]
I'll try this, if I understand correctly... You buy using the purchase and sale agreement, you transfer ownership with the LT. Who is the benificial interest of your trust? That is the owner of the property and the buyer on contract.
Sire