qbteachmt
Level 15
01-05-2024
12:40 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Are you sure of those facts?
So many of these property trusts are unfunded, meaning, no one retitles any property. I bring this up because I was helping on an issue where I was told for years the title was not changed to the trust. When there was a need to sell the home, we interviewed a few real estate agents. One brought the best comp package, including due diligence on building permits for the property and lo and behold, the trust was the titled owner. More often than not, it's the opposite.
And I don't know what State this is in, have you confirmed there is not a Transfer on Death deed on file?
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers