Land Trust is a Good Option for Investors in This Market
Posted By admin on January 29, 2009
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There was a great post at www.whataboutloans.com on the advantages of a land trust. The post goes on to list advantages to the land trust to include:
- ease of control
- ease of transfer
- privacy of ownership
The article further defines the parties that own and use the trust and their roles in the transaction of a trust in relation to the purchase of real estate.
Another key advantage to the trust that the article depicts is that the “beneficial interest in a trust is considered to be personal property, not real property. Therefore you can assign your beneficial interest in a trust to another party without a formal closing.”
Remember due to recent changes to Fannie Mae’s financing criteria investors need to reconsider how they take ownership of their new investor property. Those changes are affecting investors who want to refinance the properties in their portfolio and have those properties under the entity, limited liability corporation (LLC).
Freddie Mac backs many of the conforming loans on the secondary market, so any changes in the rules is very important and should be headline news; hence, this news release.
The land trust is the best solution to combat this issue.
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