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Updated about 1 year ago,

Account Closed
  • Investor
  • Scottsdale Austin Tuktoyaktuk
4,145
Votes |
4,205
Posts

SubTo in a Land Trust – Can You Get Sued?

Account Closed
  • Investor
  • Scottsdale Austin Tuktoyaktuk
Posted

If I put my SubTo in a Land Trust, I can’t get sued and the bank can’t call the Due on Sale clause, right?

Very, very wrong.

There are several reasons you might get sued using SubTo, one is because you missed payments.

By putting the title in a land trust, you have violated the Due on Sale clause and there are several ways the bank can find out.

It isn’t safe in a Land Trust, because the Due on Sale reads:

19. the intent of which is the transfer of title by Borrower to a purchaser at a future date.

So, it’s the INTENT not the method of hiding it.

For More Info & the SOLUTIONS in the Wonderful World of Creative Investing . . .

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