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Updated over 10 years ago,

User Stats

7
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0
Votes
George Creel
  • Real Estate Investor
  • Dickinson, TX
0
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7
Posts

How to Owner Finance from a Land Trust

George Creel
  • Real Estate Investor
  • Dickinson, TX
Posted

I've asked this question before and haven't received a single response, but I'll try again.  I want to buy a property sub2 by using a land trust.  I would have beneficial interest but the deed would be in the Trust's name c/o Trustee.  Is it possible to owner finance a house to a new buyer having just the beneficial interest?  If so, what would be the process?  Would I sell my beneficial interest to a buyer in exchange for a note, collateral assignment of beneficial interest and some kind of security agreement?  Has anyone ever done this?  I would really appreciate hearing from anyone with experience and knowledge on this topic.

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