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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Lenders not lending to trusts? Posted by Jerry - Ca. on April 17, 2008 at 11:15 AM In Reply to: Lenders not lending to trusts? posted by David on April 16, 2008 at 1:41 PM : We got word from a loan broker that lenders have stopped lending money on trust-titled properties (except maybe citibank, if I read the last posting right). Everyone's advising us to always record the properties we buy under a trust; what exactly are the risks if we have a property under our own names just for as long as it takes to put a loan on the property (3-4 weeks after purchase at trusee's auction). XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX David: CC in OC just posted under "Citimortgage is getting aggressive again" that they'll finance property held in a Trust. Maybe you should give them a call! Jerry - CA. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : We got word from a loan broker that lenders have stopped lending money on trust-titled properties (except maybe citibank, if I read the last posting right). Everyone's advising us to always record the properties we buy under a trust; what exactly are the risks if we have a property under our own names just for as long as it takes to put a loan on the property (3-4 weeks after purchase at trusee's auction). : XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX : David: : CC in OC just posted under "Citimortgage is getting aggressive again" that they'll finance property held in a Trust. Maybe you should give them a call! : Jerry - CA. [ 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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