forming a trust with existing mortgage

[Alex Alaniz]

I've been doing a lot of reading and research regarding land trust and I am interested in learning more and possibly using this as a tool as I progress in my real estate journey.

My question is, can you form a land trust and make an LLC the beneficiary if there is existing financing on the property? My reason for doing this is to take my name off the title and replace it with the LLC which will be the beneficiary and maybe a family member or attorney as the trustee. Also, if I want to seller finance a deal in the future this may be an option for me.

Thanks in advance for any information that comes my way!

-Alex

I posted this in general discussion and didn't get any responses, so hopefully someone can give me some good information here!