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Swapping the ownership of a trust deed for a partial ownership of a title holding trust

February 06, 2016 04:19PM
I have a property in a tht and I'm the trustee. I took private loans on a different propertie. I have proposed to the note holder that I'd give him a piece of the trust in exchange for balance on the note on Property a: thus eliminating the TD that goes with the note and reconvening the interest back to me.

In a nutshell i want to eliminate the loan on property a for a piece of a trust that holds property b.

How do I go about doing all this and making sure title on property a is cleared at the end?



Extinguish the beneficial interest in a deed of trust for a partial ownership of the beneficial interest in a title holding trust (THT) by:

Step 1 – Figure out the current balance owing on the trust deed to be extinguished (via the recording of a Reconveyance of the trust deed).

Step 2 – Determine what the current value of all the assets in the THT is (that comprise the beneficial interest in the trust).

Step 3 – Divide the value of Step 1 by the value of Step 2 to arrive at the percentage of the total beneficial in the THT that should be transferred (via an Assignment of Beneficial Interest in Trust) to the owner of the trust deed


Subject Author Views Posted

Title holding trust question involving multiple benes 3807 February 03, 2016 07:57PM

Swapping the ownership of a trust deed for a partial ownership of a title holding trust

Ward-CA 2884 February 06, 2016 04:19PM

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