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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Yes, there are several versions...one more ?? Posted by zachary on July 04, 2003 at 1:58 PM In Reply to: Yes, there are several versions... posted by Ward-CA- on July 04, 2003 at 1:52 PM : : Ward, : : Happy 4th of July!!! Your post today says it very nicely!! : : : : When you send the lender and insurance companies the letter from the seller saying they transfered it into a trust, and you also send them a cert. of trust. does the cert. of trust state who the Benificiary is? : : Thanks : : Zachary : =-=-=-=-=-=-=-=- : Zachary, : The typical Certification of Trust doesn’t disclose who the trust beneficiaries are. However, I have included a listing of beneficiaries from time to time in order to prove to a lender or the County Assessor who the beneficiaries were to make it easier to get a loan or to avoid the reassessment of the proerty. : So in my Trust Manual I include several types of Trust Certifications so the user is more skilled in using the trust when the need arises. They need to see the nuances of doing things one way or another depending on what they want to accomplish. : Hope this helps. _________________________________________________ Ward, thanks for the quick answer! One moer question: HOw often have you had a lender come back and ask you who the Beni.s are? I guess I'm trying to get an idea of how often the lender will catch wind of whats going on... Sooner or later I'llg et a look at your trust manual...I'm still planning on comming down there to take your 3-day course. Need to get hat first one done though....had a hard time getting one closed.... Zachary Follow Ups: Just slicing and dicing.. Ward-CA- 2:38 PM, 07/04/03 (1) Re: Just slicing and dicing.. zachary 2:59 PM, 07/04/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : : Ward, : : : Happy 4th of July!!! Your post today says it very nicely!! : : : : : : When you send the lender and insurance companies the letter from the seller saying they transfered it into a trust, and you also send them a cert. of trust. does the cert. of trust state who the Benificiary is? : : : Thanks : : : Zachary : : =-=-=-=-=-=-=-=- : : Zachary, : : The typical Certification of Trust doesn’t disclose who the trust beneficiaries are. However, I have included a listing of beneficiaries from time to time in order to prove to a lender or the County Assessor who the beneficiaries were to make it easier to get a loan or to avoid the reassessment of the proerty. : : So in my Trust Manual I include several types of Trust Certifications so the user is more skilled in using the trust when the need arises. They need to see the nuances of doing things one way or another depending on what they want to accomplish. : : Hope this helps. : _________________________________________________ : : Ward, : thanks for the quick answer! : One moer question: : HOw often have you had a lender come back and ask you who the Beni.s are? : I guess I'm trying to get an idea of how often the lender will catch wind of whats going on... : Sooner or later I'llg et a look at your trust manual...I'm still planning on comming down there to take your 3-day course. : Need to get hat first one done though....had a hard time getting one closed.... : Zachary 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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