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Updated about 6 hours ago on . Most recent reply
Trying to understand how to close with a land trust as a first time home buyer
My first investment property happens to be my first home purchase, so my questions are hopefully basic for anyone experienced here. For context, I'm in a state with land trust statutes and my only goal is to keep my name out of any public records regarding this property.
- If I pay property taxes online (let's say with a credit card), will my name show up as the payor or will the trust/trustee's?
- For people who use LLCs/trusts, is it more common to have property insurance with the name of the LLC/trust? Does it make a difference for privacy (in terms of public records, so disregarding lawsuits)?
- I should not be signing anything regarding title or mortgage documents if I use a land trust. Is that correct?