InnoVest Resource Management's Foreclosure Forum

Discussion Board Foreclosure Training Title Holding Trust Speaking Schedule Foreclosure Codes 50 State Foreclosure Basics 60+ Yrs Interest Rates News & Trends FAQ Dingbat Retirement Plan Links To Contact Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: title holding trust Posted by Ward-CA- on June 30, 2001 at 7:23 AM In Reply to: title holding trust posted by todd-wa on June 28, 2001 at 6:06 PM : Ward, have you read John t Reed's review of the land trust and the due on sale clause? He feels it is'nt vaild I'm sure with your legal background you could clear this up for me. : www.johntreed/dueonsale.html =========== Todd, I happen to think Reed is right in his opinion that use of the title holding trust device won't vouchsafe one's transaction from implementation of a lender's due-on-sale perogatives, if it's an irrevocable transfer of the title to property. And I make that point to the participants in the deals I do where that's the case and I urge my trainees to do the same. However I, like a lot of others, still use the trust to sidestep the due-on-sale issue because it disguises a title transfer so well that the chances of discovery are nil. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, have you read John t Reed's review of the land trust and the due on sale clause? He feels it is'nt vaild I'm sure with your legal background you could clear this up for me. : : www.johntreed/dueonsale.html : =========== : Todd, I happen to think Reed is right in his opinion that use of the title holding trust device won't vouchsafe one's transaction from implementation of a lender's due-on-sale perogatives, if it's an irrevocable transfer of the title to property. : And I make that point to the participants in the deals I do where that's the case and I urge my trainees to do the same. : However I, like a lot of others, still use the trust to sidestep the due-on-sale issue because it disguises a title transfer so well that the chances of discovery are nil. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Copyright © 1997-2001, InnoVest Resource Management

InnoVest Resource Management, 4080 Centre Street, Suite 204, San Diego CA 92103-2657
(619) 296-9596, Fax (619) 296-6443