Grandpa Ward and high school grad, Chris.

InnoVest Resource Management's

Foreclosure Forum

Home

Discussion Board

"Hands-On" Training

Title Holding Trust

Speaking Schedule

Store

Foreclosure Codes

50 State Resource Data

Foreclosure Glossary

Foreclosure Statistics

60+ Yrs Interest Rates

Fillable Forms

Archived Articles

Dingbat Retirement Plan

Links

Contact / Map

Home

 

BBBOnLine Reliability Seal

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ]

Tax ID clarification.....thanks!!

Posted by zachary on September 11, 2003 at 8:16 AM

Ward,

thanks for the answers to my previous questions regarding trusts.

heres questions that are making my brain ache :-0


- If the original sellers create the trust, and if we want the lender to assume that they are staying the Beni.s wouldn't we use the sellers ssn# as the tax id# for the trust??
If I use my own then won't that tip the lender off that there is something going on?

I guess my basic question here is what do I use as the tax id# if:
seller creates trust, with me as trustee
seller grants prop to trust
seller assigns beni. intrest to me and my money partner (50% each)

should I use the original sellers ssn#??

thanks

Zachary


Follow Ups:


Post a Followup:

Name    : 
E-Mail  : 
Subject : 
Comments: 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

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455

[an error occurred while processing this directive]