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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: i understand both sides Posted by hard money lender on April 19, 2008 at 6:25 PM In Reply to: Re: i understand both sides posted by CC in OC on April 19, 2008 at 9:53 AM isnt that pretty much what i said ? but i will reiterate that most bank employees, including loan agents, do not understand trusts very well. that is why they have a legal dept - who may also have misunderstandings. so a simpler title holding trust that has what it needs, but no more - is better than a 50 page trust document. at some point, the lender just figures it aint worth it. Follow Ups: Not really. CC in OC 6:58 PM, 04/19/08 (2) Re: Not really. hard money lender 7:13 PM, 04/19/08 (1) Have it your way. CC in OC 12:20 AM, 04/20/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : isnt that pretty much what i said ? : but i will reiterate that most bank employees, including loan agents, do not understand trusts very well. : that is why they have a legal dept - who may also have misunderstandings. : so a simpler title holding trust that has what it needs, but no more - is better than a 50 page trust document. : at some point, the lender just figures it aint worth it. [ 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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