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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: placing trust deeds on one's investments Posted by hard money lender on February 09, 2010 at 9:44 PM In Reply to: Re: placing trust deeds on one's investments posted by Rick, the Probate Guy on February 09, 2010 at 3:58 PM hi rick, i should have rephrased "preventing lawsuits" - my thought was that one would not sue if there was no equity in the property. (i.e preventing lawsuits). this is exactly what i have been saying, regarding the money flow. the owners and lenders had better be separate entities. and not just an llc and the individual, which is what someone wants to do. lets say your tht owns title to a property. now you place a "protective trust deed" on it. who is the owner of this trust deed ? this is why i asked my question. am i missing something ? it doesnt appear that i am. my thought is the following. say i own a property. and i have a trustworthy friend. i have him sign a trust deed and, and record it. i then also have him sign a reconveyance, and whatever else may be needed, for me to record to remove the trust deed. i of course dont record that, until time to sell it. you made an interesting statement about the facts during discovery phases, which i have also been saying. a specific question about the discovery - would they require proof of actual payments to my friend ? just how thorough is the discovery process ? Follow Ups: Re: placing trust deeds on one's investments Rick, the Probate Guy 9:54 AM, 02/10/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : hi rick, : i should have rephrased "preventing lawsuits" - my thought was that one would not sue if there was no equity in the property. : (i.e preventing lawsuits). : this is exactly what i have been saying, regarding the money flow. the owners and lenders had better be separate entities. : and not just an llc and the individual, which is what someone wants to do. : lets say your tht owns title to a property. now you place a "protective trust deed" on it. who is the owner of this trust deed ? : this is why i asked my question. am i missing something ? it doesnt appear that i am. : my thought is the following. say i own a property. and i have a trustworthy friend. i have him sign a trust deed and, and record it. : i then also have him sign a reconveyance, and whatever else may be needed, for me to record to remove the trust deed. : i of course dont record that, until time to sell it. : you made an interesting statement about the facts during discovery phases, which i have also been saying. : a specific question about the discovery - would they require proof of actual payments to my friend ? just how thorough is the discovery process ? [ 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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