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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Does a Title Holding Trust trigger prop 13? Posted by Chuck on December 07, 2001 at 3:07 PM Okay two questions? Question 1: Moving MY property from JTWROS to a Title Holding Trust, with the same owners (beneficaries) does it cause a Prop. 13 (CA) activation? I'm assuming it doesn't. Question 2: A party in financial distress is willing to deed me their home if I pick up the payments. The mortgage has a "due on sale" clause and I don't want to qualify for the loan. I have suggested we transfer his property to a Title Holding Trust and then do an assignment of benefits to me which isn't recorded. I make his payments and sell property to another party either using a Lease Option or wraparound mortgage. What is the situation with Prop. 13 in this case? Follow Ups: Re: Only when a sale is taking place. Ward-CA- 6:53 PM, 12/07/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Okay two questions? : Question 1: Moving MY property from JTWROS to a Title Holding Trust, with the same owners (beneficaries) does it cause a Prop. 13 (CA) activation? I'm assuming it doesn't. : Question 2: A party in financial distress is willing to deed me their home if I pick up the payments. The mortgage has a "due on sale" clause and I don't want to qualify for the loan. I have suggested we transfer his property to a Title Holding Trust and then do an assignment of benefits to me which isn't recorded. I make his payments and sell property to another party either using a Lease Option or wraparound mortgage. What is the situation with Prop. 13 in this case? 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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