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Updated almost 13 years ago,

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1
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Tom Barnard
  • Durham, NC
0
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Land Trust and Mortgage

Tom Barnard
  • Durham, NC
Posted

Not sure if this the appropriate category, but it seemed like the best fit:

I've been reading about land trusts and I have some questions: If I want to buy a property I have to personally qualify for the mortgage which means the mortgage is going to show on my credit even if the property is transferred to a Land Trust, right? Is the Land Trust and an LLC enough to discourage a would-be suer even when they could easily tell that I own property from the mortgage or is there a way for me to personally qualify for and guarantee the mortgage without it showing on my credit?

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