Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Legal & Legislation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply

User Stats

13
Posts
14
Votes
Yongming Huang
  • Specialist
  • Galveston, TX
14
Votes |
13
Posts

Using property in land trust as collateral

Yongming Huang
  • Specialist
  • Galveston, TX
Posted

I have a property in a land trust, and I'm trying to use this property as collateral toward the down payment of other properties. The bank is ok with that. But the title company requires docs like recordable certification of trust, recordable company resolution for the parent LLC and ratification of the trust. The title company says these are standard requirements. But I understand that the anonymity for the parent entity that would be lost would affect my anonymity forever going forward.

So this can't be done, can it? Does anyone have any experience in this?

I'd also like to find a new attorney who is familiar with land trust and TX series LLC. I'm looking for someone who cares about their clients and will handle my issue. Not the firms that are good at marketing but you can't get hold of the attorney once you become a client. Any recommendations?

Loading replies...