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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Does a THT provide any liability protection? Posted by Scott on April 22, 2009 at 1:06 PM In Reply to: Re: Does a THT provide any liability protection? posted by DT on April 21, 2009 at 5:59 PM Ward is one 3rd party trustee I am aware of. I don't recall what he charges, but I don't remember it as being much money. Ward covers some of the "trip wires" you can use with a THT so that you don't have to simply "trust" the trustee. Hope that helps! Scott : : I have two out of state mortgages that I am foreclosing on and I would like to know if there is any benefit (from a liability standpoint) to putting the properties into a THT. I would use a 3rd party professional trustee, 3rd party property management and purchase liability insurance. If there happened to be a lawsuit regarding the property, could I have any personal liability as the Beneficiary of the THT? I plan to hold the properties for a year or two and I would prefer not to set up a separate LLC if it's not necessary. : : : : Thanks, Scott : Quick question: How or where do you get a 3rd party professional trustee? Can you "trust" them? How much do they charge? Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Ward is one 3rd party trustee I am aware of. I don't recall what he charges, but I don't remember it as being much money. Ward covers some of the "trip wires" you can use with a THT so that you don't have to simply "trust" the trustee. Hope that helps! : Scott : : : I have two out of state mortgages that I am foreclosing on and I would like to know if there is any benefit (from a liability standpoint) to putting the properties into a THT. I would use a 3rd party professional trustee, 3rd party property management and purchase liability insurance. If there happened to be a lawsuit regarding the property, could I have any personal liability as the Beneficiary of the THT? I plan to hold the properties for a year or two and I would prefer not to set up a separate LLC if it's not necessary. : : : : : : Thanks, Scott : : Quick question: How or where do you get a 3rd party professional trustee? Can you "trust" them? How much do they charge? [ 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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