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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Just bear with me this one last time... Posted by Ward-CA- on May 27, 2003 at 0:09 AM In Reply to: Ward....confused!! posted by zachary on May 26, 2003 at 10:07 PM : Ward, : ok I'm confused..... : Are you saying this is how to do it? : 1-seller signs trust agreement and grant deed signing to trustee (don't record grant deed) : 2-seller signe ABI to me : 3-current trustee grant deeds to new trustee : 4-same trust agreemnet is kept in place. both trust agreement and ABI is NOT recorded : Some how I think I'm missing something...... : I think I'm confused about how title goes from seller to trustee to new trustee with only one deed being recorded... : Can you explain how this is done? : Zachary =•=•=•=•=•=•=•=•=•=•=•= Yes, I can explain this for you—it’s easy as pie. The seller transfers his property into his trust, via a recorded deed, wherein you are his trustee right from the get go! Now all he does is sell you, via the non-recorded ABI, 100% of his beneficial interest in his trust. And that’s it. Only ONE deed was required! Now go over all of your previous questions and my replies and I think it will all come together for you. Follow Ups: Thanks Ward...I was reading into it to much ;-) zachary 8:16 AM, 05/27/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, : : ok I'm confused..... : : Are you saying this is how to do it? : : 1-seller signs trust agreement and grant deed signing to trustee (don't record grant deed) : : 2-seller signe ABI to me : : 3-current trustee grant deeds to new trustee : : 4-same trust agreemnet is kept in place. both trust agreement and ABI is NOT recorded : : Some how I think I'm missing something...... : : I think I'm confused about how title goes from seller to trustee to new trustee with only one deed being recorded... : : Can you explain how this is done? : : Zachary : =•=•=•=•=•=•=•=•=•=•=•= : : Yes, I can explain this for you—it’s easy as pie. : The seller transfers his property into his trust, via a recorded deed, wherein you are his trustee right from the get go! Now all he does is sell you, via the non-recorded ABI, 100% of his beneficial interest in his trust. And that’s it. Only ONE deed was required! : Now go over all of your previous questions and my replies and I think it will all come together for you. 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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