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AOD questions

Posted by zachary on May 22, 2003 at 1:13 PM

Ward,

I had a few questions about the AOD:

1. If property is grant deeded to:

joebuyer, trustee of Seller trust dated xxxxx

Do you fill out #1 on the AOD exactly the same:

joebuyer, trustee of Seller trust dated xxxxx

2. in step two would you have them initial B,D,E, and F?
and for B would write in combined amount of cash + note?

3 in step 3 do you leave the title insurance company blank until you sell it?

Just two more questions I swear :-)

4. why do you suggest to use a differt notary with than one used for the deed?

5. and finally.....the AOD shows chain of title from seller to the trustee of trust. I would assume it also there to state that the seller isn't clouding title in some way.
Do you ever have a problem selling from the trust to the end buyer (who probably has an agent who might not understand trusts.


thanks!!

Zachary


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