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Updated 11 months ago, 01/12/2024
Land Trust-title commitment
I am purchasing a property in a Land Trust and the title company has the proposed insured as the name of the Land Trust. (Note: this is a simple cash purchase, not doing anything fancy with sub-to or getting a mortgage). It seems like my name or maybe the Trustee's name should appear somewhere in the commitment (I am the beneficiary). Title company says it's not necessary, but what is in my best interest? (I think they just don't want to do any more work than they have to). Advantages or disadvantages to having my name personally appear in the title commitment somewhere? What do most investors do?