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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Trust vs corporation?? Trust works best. Posted by Ward-CA- on September 02, 2003 at 1:37 PM In Reply to: Holding property posted by James-CA on September 02, 2003 at 10:41 AM : Hi Ward, : I have yet another question for you. I understand that the THT's purposes in foreclosure buying is to not have the bank(s) invoke their "due on sale" clause. Would the same thing happen if title is transfered to a corporation? I have a corporation and would like to use it to buy and sell properties but I certainly do not want any bank to invoke that clause and/or charge me a fee to assume the loan. Any thoughts? -=-=-=-=-=-=- James, The THT (title holding trust) works where the corporation won't because the lender mistakes the THT as the homeowner's living trust and pays no more attention to the deal. But I think a lender would be too curious about an owner deeding their home into someone else's corporation. Follow Ups: Ward, an LLC/THT Follow up... Kosher? KenFleming.com 12:49 AM, 09/03/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Hi Ward, : : I have yet another question for you. I understand that the THT's purposes in foreclosure buying is to not have the bank(s) invoke their "due on sale" clause. Would the same thing happen if title is transfered to a corporation? I have a corporation and would like to use it to buy and sell properties but I certainly do not want any bank to invoke that clause and/or charge me a fee to assume the loan. Any thoughts? : -=-=-=-=-=-=- : James, : The THT (title holding trust) works where the corporation won't because the lender mistakes the THT as the homeowner's living trust and pays no more attention to the deal. : But I think a lender would be too curious about an owner deeding their home into someone else's corporation. 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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