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Updated about 1 year ago on . Most recent reply

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29
Posts
9
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DJ Brooks
9
Votes |
29
Posts

Need help with a subject-to land trust or LLC

DJ Brooks
Posted

Hello everyone! I am in escrow for a subject-to deal that I will be using as my primary home. I only know the basics when it comes to creative finance. I am worried about the due on sale clause as most people are who are purchasing a subto property. I need advice. I've heard a trust is the best way to structure it. But someone mentioned an LLC would be better. What are your thoughts? I also need referrals for attorneys who can help me with this on the fly! And not too expensive haha. I'm in the Tampa area. Thanks!!

Most Popular Reply

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2,893
Posts
2,330
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Caroline Gerardo
  • Lender
  • Laguna Niguel, CA
2,330
Votes |
2,893
Posts
Caroline Gerardo
  • Lender
  • Laguna Niguel, CA
Replied

Walking the line of fraud isn't a good plan and with the seller as trustee if they file BK, divorce, have a judgement it sticks on the property.

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