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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: OK as long as you haven't recorded the transfer deed yet. Posted by Jk on September 12, 2003 at 10:31 AM In Reply to: OK as long as you haven't recorded the transfer deed yet. posted by Ward-CA- on September 11, 2003 at 9:50 PM : : Ward, : : : : Just got a chance to read your replys...I understand what you are saying about creating the trust first witht seller as trustee..... : : the only problem is that I met with the sellers today and created teh trust. : : "sellers trust" with me as the trustee. : : I am confident that this one will be fixed up and sold in under 2 months....do you think I have anything toworry about?? : : : : zachary : -=-=-=-=-=-=-=-=-=-=-=-=- : Zachary, : As long as you haven’t recorded the deed yet it isn’t too late to make them the trustee initially, so that the lender only sees their name as the trustor and trustee on the Certification of Trust and transfer deed. If you are confident it will be sold in 2 months you have nothing to worry about. It would take the lender 4 mos. to foreclose anyway. If the interest rates on this loan are higher than today's present rates the bank will probably not want to "call in the loan" anyway. Follow Ups: Re: OK as long as you haven't recorded the transfer deed yet. Jim 1:23 PM, 09/12/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : : Ward, : : : : : : Just got a chance to read your replys...I understand what you are saying about creating the trust first witht seller as trustee..... : : : the only problem is that I met with the sellers today and created teh trust. : : : "sellers trust" with me as the trustee. : : : I am confident that this one will be fixed up and sold in under 2 months....do you think I have anything toworry about?? : : : : : : zachary : : -=-=-=-=-=-=-=-=-=-=-=-=- : : Zachary, : : As long as you haven’t recorded the deed yet it isn’t too late to make them the trustee initially, so that the lender only sees their name as the trustor and trustee on the Certification of Trust and transfer deed. : If you are confident it will be sold in 2 months you have nothing to worry about. It would take the lender 4 mos. to foreclose anyway. If the interest rates on this loan are higher than today's present rates the bank will probably not want to "call in the loan" anyway. 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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