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Updated about 7 years ago on . Most recent reply

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Stephen Akindona
Pro Member
  • Investor
  • Memphis, TN
843
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737
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Living Trust and Fannie Mae loans?

Stephen Akindona
Pro Member
  • Investor
  • Memphis, TN
Posted

Hey Bp, I have a question and I am hoping someone has dealt with this issue and can lend some advice. I do understand that I will need to verify everything with mortgage and law professionals but here is the question.

As a strategy my wife and I have been investing in buy and hold real estate in our individual names, so instead of only being allowed 10 Fannie Mae loans jointly, we can now get 20. We have been looking at protecting our selves from probate and getting some estate planning done. Does anyone know if we form a joint revocable livingg trust, and place all of our current properties inside the trust, will Fannie Mae count these as joint ownership thus limiting us back down to 10 total loans or will we be able to still purchase 10 each?

  • Stephen Akindona
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