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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Getting there.. Posted by Ward-CA- on August 21, 2006 at 12:34 AM In Reply to: Re: Not really... posted by WPCOwner on August 21, 2006 at 11:26 AM WPC, Well, #4 and #5 are really #1 and #2 since the creation of the trust by seller is a follow-on activity once the sale agreement has been made. #7 probably isn’t going to happen since most escrow companies and title companies don’t know how to handle the transfer of the personalty (beneficial interest in a trust) involved. They are set up to deal with the sale of real property. -------Ward------- ============================== : OK. Let me go over the routine again: : 1. Seller creates THT with seller as beneficiary and also as trustee. : 2. THT gets signed and stored in a safe place. : 3. Seller record a notarized deed, title from herself as an individual to herself as trustee of her trust. : 4. PCOR is submitted the same time the transfer deed is recorded. : 5. Buyer makes offer to seller. : 6. Seller accepts. : 7. At escrow, seller deeds to buyer and PCOR is submitted with buyer as owner/beneficiary. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : WPC, : Well, #4 and #5 are really #1 and #2 since the creation of the trust by seller is a follow-on activity once the sale agreement has been made. : #7 probably isn’t going to happen since most escrow companies and title companies don’t know how to handle the transfer of the personalty (beneficial interest in a trust) involved. They are set up to deal with the sale of real property. : : -------Ward------- : : ============================== : : OK. Let me go over the routine again: : : 1. Seller creates THT with seller as beneficiary and also as trustee. : : 2. THT gets signed and stored in a safe place. : : 3. Seller record a notarized deed, title from herself as an individual to herself as trustee of her trust. : : 4. PCOR is submitted the same time the transfer deed is recorded. : : 5. Buyer makes offer to seller. : : 6. Seller accepts. : : 7. At escrow, seller deeds to buyer and PCOR is submitted with buyer as owner/beneficiary. 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

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