Subject 2

[N/A N/A]

Would this work if Joe Buyer took a property subject 2 in a Land Trust ?

1. Agreement and Declaration of Trust - The seller would be the beneficiary and Joe Buyer would be the Trustee. Right ? Before you answer this please read on.

2. Warranty Deed to Trustee - The seller would be the Grantor and Joe Buyer would be the Trustee. Right ?

3.Then have the seller assigned the Beneficial Interest to Joe Buyer.

Then if the bank wanted to see the Agreement and Declaration of Trust it would show the seller had beneficiary interest in the trust.
What problems do you doing it this way ?

Thanks alot for any help with this.