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Foreclosure Forum |
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Re: THT questionsIn Reply to: THT questions posted by K.D. on March 14, 2004 at 3:03 PM : You said in anothe post, that a THT can not be found in any public records or the like since it is not recorded anywhere... : 1.) So if I pull up the public records on a property owned by a THT, what will show as the owner info??
The public records will show the Trustee's name: The trust does not avoid paying taxes. The trust will need to get an EIN, file a K-1 partnership agreement, and 1099 the beneficiaries of the trust.
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