The land trust is the one of the powerful tool for the real estate investor. Each property has a separate trust, with maximum privacy and protection.The following are the some of the reasons touse the land trust.
- Privacy
- Protection against Liens
- Protection against Title Claims
- Providing Contracts Assignable
Privacy is important to most of the people that others must not know what they own. In real estate land trusts makes it difficult to find who the owner is, since the agreement is not public record for everyone to see.
If Real estate has titled in a trust name is not subject to liens against the beneficiary of the trust. If the property is titled into trust, the personal judgments or liens of the seller will not attach to the property.
Having warranty deed in your own name,are subjected to potential title claims against you if there is a problem with title to the property. A land trust will be as seller in your place will protect against many types of title claims because the claim will be limited to the trust.
The land trust is assignable, similar to the way stock in a corporation is assignable. Once property is title in trust, the trust can be changed without changing title to the property. This can be very advantageous in the case of a real estate contract .
No comments:
Post a Comment