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Updated almost 3 years ago on .

User Stats

158
Posts
45
Votes
Jonn Vidal
  • Bel Air, CA
45
Votes |
158
Posts

Pros & Cons of Land Trusts: Is true owner really never revealed?!

Jonn Vidal
  • Bel Air, CA
Posted

So many websites discussing/offering land trusts boast  'Using a land trust, the true owner of a property is never disclosed'.

Obviously that is the result AFTER the transfer of property is already complete.

But what about the process of procuring real property via land trust, how is it actually done?

Create an EIN for a Land Trust at irs.gov, appoint someone as your Trustee, ok.

But then whose name and signature goes on the Purchase Offer, Contract, Closing docs, etc, and how is Proof of Funds shown (ie for escrow deposit) that matches the name of the (land) Trust?