NARS Trust/NEHTrust

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Has anyone used this form of creative financing. I had an investor call a friend facing foreclosure and he mentioned this to me. He said they would put his home in a trust so he wouldn't be foreclosed on. Any insights would be appreciated.

[Mike W.]

I have extensive knowledge of this system.

Many followers of this Bill Gatten are cultish at best and strait up mean at worst. Notice I say many, not all. Some can be reasoned with others not so much.

After my extensive study of the Bill Gatten system. The only reason I would consider using the NEHT system is for an equity share.

As for all the "this is the only way to do it without violating due on sale" blah blah blah..." Because most lower courts don't understand trusts, you will be spending far more on legal fees if you have a problem than your deal is worth most likely. So it doesn't matter if you are legally right if the courts don't find in your favor, without costly appeals.

Moral to the story, do whatever suits you, be honest and your outcome should be good.

If you have specific questions I can most likely answer. I may do a write up on NARS, but haven't bothered as of yet.