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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Here's one... Posted by Ward-CA- on October 17, 2006 at 11:20 AM In Reply to: benefits of THT during acquisition of a short sale prop? posted by Dale on October 17, 2006 at 7:03 AM Dale, One benefit you’re not considering is the golden opportunity of complete privacy of ownership that’s afforded by using the title holding trust (THT) right from the inception of the acquisition of title. “Afterwards” is too late, since that maneuver will publicly tie your name to the property in the county recorder’s record for ever, regardless of how short a duration it was. You don’t need to have the equity seller put the property into their trust to avoid the due on sale clause if you don’t want to do the extra paperwork. Just have the equity seller deed the title of the property directly into your own THT. Hope this helps, ===================Ward========= : Thanks JK; I understand the benefits as outlined in the article. During the actual acquisition of a short sale property (and dealing with a seller) is what I'm questioning...whether it makes sense to drag out all of the additional forms and having to explain the THT to a seller who is in foreclosure and liable to lose their home, i.e., it doesn't help in the process of easing their concerns and closing the deal...I think its easier just to do a simple EPA and be done with it...I can always transfer ownership to the THT AFTER acquiring the property; what I'm asking is am I forgetting a reason or benefit of useing the THT during the acquisition of a short sale property (only)? Follow Ups: Re: Here's one... Dale 1:02 PM, 10/17/06 (0) Re: Here's one... Dale 1:02 PM, 10/17/06 (0) Re: Here's one... Dale 11:27 AM, 10/17/06 (1) Not if... Ward-CA- 12:32 AM, 10/17/06 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Dale, : One benefit you’re not considering is the golden opportunity of complete privacy of ownership that’s afforded by using the title holding trust (THT) right from the inception of the acquisition of title. : “Afterwards” is too late, since that maneuver will publicly tie your name to the property in the county recorder’s record for ever, regardless of how short a duration it was. : You don’t need to have the equity seller put the property into their trust to avoid the due on sale clause if you don’t want to do the extra paperwork. Just have the equity seller deed the title of the property directly into your own THT. : : Hope this helps, : : ===================Ward========= : : : Thanks JK; I understand the benefits as outlined in the article. During the actual acquisition of a short sale property (and dealing with a seller) is what I'm questioning...whether it makes sense to drag out all of the additional forms and having to explain the THT to a seller who is in foreclosure and liable to lose their home, i.e., it doesn't help in the process of easing their concerns and closing the deal...I think its easier just to do a simple EPA and be done with it...I can always transfer ownership to the THT AFTER acquiring the property; what I'm asking is am I forgetting a reason or benefit of useing the THT during the acquisition of a short sale property (only)? 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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