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Foreclosure Forum |
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Certification of Trust to LenderIt's Mike Rivera. Hope you are doing well. Joanne and I took your Title Holding Trust course back on May 25, 2001. Almost exactly two years ago! We have put our properties in trusts. It is not until now that I am attempting to purchase a new property from the start into a trust without using our names first on title. I found a lender that is open to doing this. I emailed you a rough draft of the Certification of Trust that I plan to give to my lender with a copy of California Codes Probate Code Section 18100-18100.5. Can you please review it and let me know if there is anything I am missing? Also, I do have a few questions that I need confirmation of. I'm sure we went over some of these in your course but I don't recall the details. 1) The property is located in Florida. Will this certification work in Florida? 2) We are purchasing the property from a developer. Do I have it correct to have them as the settlor of the trust? 3) Is it correct to list the beneficiaries (us) on this certification of trust? 4) Should I include text in this Certification of Trust that states that this certification should not be recorded in public record? 5) I am putting my own social security number in for the Trust's tax ID number since I don't plan to obtain a separate tax ID for the trust. Is this OK? 6) Do I need to have the Certification of Trust notarized? Your assistance with this will be much appreciated. - Mike Follow Ups:
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