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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Land Trust Posted by Gary C. on August 27, 2001 at 11:20 PM I put a property yesterday under contract subject-to the underlying loan. The owner is not in default but needs to move fast. I will have the owner place the property in a land trust naming my choice of trustee. Here are my questions: 1) Which of the following do I put as trustee? a) Gary C, b) Gary C of 'Mycorp, Inc.', c) 'Mycorp, Inc.', or d) other ...why? 2) Of the choices above (a,b,c or d), who do have the sellers reassign beneficial interest to?...why? The profits are going to my California corporation (aka 'Mycorp,Inc.'). My initial guess at the answers are 1) b and 2) b. Any other thoughts. Thanks, Gary C Follow Ups: Re: Title holding trust questions Ward-CA- 3:56 PM, 08/28/01 (3) Title holding trust questions - long followup question Gary C. 11:21 AM, 09/02/01 (2) Re: More title holding trust Q/A Ward-CA- 7:59 PM, 09/02/01 (1) Re: More title holding trust Q/A Gary C. 11:01 PM, 09/04/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I put a property yesterday under contract subject-to the underlying loan. The owner is not in default but needs to move fast. I will have the owner place the property in a land trust naming my choice of trustee. Here are my questions: : 1) Which of the following do I put as trustee? a) Gary C, b) Gary C of 'Mycorp, Inc.', c) 'Mycorp, Inc.', or d) other ...why? : 2) Of the choices above (a,b,c or d), who do have the sellers reassign beneficial interest to?...why? : The profits are going to my California corporation (aka 'Mycorp,Inc.'). My initial guess at the answers are 1) b and 2) b. : Any other thoughts. : Thanks, : Gary C 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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