Trusts

Should I provide lien release copies?
Q - WE'VE FAXED EVERYTHING THEY SAID THEY NEEDED. SHE NOW ASKED IF THERE WERE OTHER LIENS AND I SAID YES AND THEY ARE BEING RELEASED, SO SHE WANTS COPI...
Wed, 25 Jul, 2018 at 10:48 AM
Is there an appropriate amount for a Trustee fee?
Q - TRUSTEE FEE - IS THERE AN APPROPRIATE AMOUNT? IS $10 OK FOR ACCEPTANCE AND $50 A YEAR? A - $10 is appropriate.
Wed, 25 Jul, 2018 at 10:49 AM
How or where do you file the "Assignment and Quit Claim of Beneficial Interest in Land Trust"?
Q - HOW OR WHERE DO YOU FILE THE "ASSIGNMENT AND QUIT CLAIM OF BENEFICIAL INTEREST IN LAND TRUST"? IT APPEARS THIS IS A VERY, VERY IMPORTANT DOCUM...
Wed, 25 Jul, 2018 at 10:50 AM
Do you get a FED ID # for all your trusts?
Q - DO YOU GET A FED ID # FOR ALL YOUR TRUSTS? A - No, your trusts are flow through entities and therefore with the beneficial interest eventually being...
Wed, 25 Jul, 2018 at 10:51 AM
Bridge loan
I would say that you should be able to do a number of different things: 1. have her refinance the old house, but that would give you a higher rate. 2. ...
Wed, 25 Jul, 2018 at 10:51 AM
Do You Suggest Giving the Seller a HUD Statement?
Q: Do you suggest giving the seller a HUD statement? I have not given one to a seller yet (on 3 previous deals) but the last deal I did the seller requested...
Wed, 25 Jul, 2018 at 10:53 AM
Subject To Deals
The deal you are looking at is a classic \"subject to\" deal. You will have the sellers place the property into a land trust using the paperwork f...
Wed, 25 Jul, 2018 at 10:55 AM
Subject To Refinance
Q. I have heard of investors taking advantage of today's low interest rates by refinancing properties that have been bought "subject-to". In ...
Wed, 25 Jul, 2018 at 10:58 AM
Trustee Liability
Q. I am in the process of lining up trustees for our Land Trusts and I was asked the question, "what is the liability?" I searched through Lou...
Wed, 25 Jul, 2018 at 11:01 AM
Subject To Closing - Title Insurance
Q. Does an attorney need to be used to close when you buy a house "subject-to"? If so, can you explain why? We have followed the steps in Lou'...
Wed, 25 Jul, 2018 at 11:02 AM