A revocable living trust is an entity that can get a Fannie loan, but all the underwriting will be identical to if it was the human borrower getting the loan, and the human borrower will sign for it.

, i.e. profiting from your property without consent/contract.

CODE:(1) the term “due-on-sale clause” means a contract provision which authorizes a lender, AT ITS OPTION, to declare due and payable sums secured by the lender’s security instrument if all or any part of the property, or an interest therein, securing the real property loan is sold or transferred without the lender’s prior written consent; Please note: "AT ITS OPTION"

Consequently, as part of our application, we have applicants sign both landlord and employer reference consents which we can present to current / past landlords or employers authorizing them to discuss the applicants tenancy or employment with them.Our consent forms also identity the information we will seek, so the applicant is fully informed.

Within 6 days of sending a fully ratified purchase contract to your lender (3 days if you consent to electronic receipt of disclosures), you should receive this document from your lender.In the upper right corner, it has a "rate lock" portion that is legally binding.Hardcore rate shopping at the preapproval stage, and/or when you're just on the phone, encourages dishonest behavior, because folks will quote unrealistically low to keep you on the phone, as OP just learned. 

Different types of trusts, such as revocable living trusts, can help manage and distribute assets in a way that minimizes tax liability.Location of Real Estate Holdings: The location of your real estate holdings can have an impact on estate taxes.

PCS offered the following idea: Revocable Living Trust for ($2995) which owns a WY LLC ($400) which owns about 3 FL LLCs ($1500).

I'm looking to deed them into an LLC and have a revocable trust to own the LLC.

He cannot sign legally binding documents but you can set him up through a revocable trust.Talk to an attorney for specifics, but essentially, a parent (or both parents) set up the trust.  

There are some exceptions to this rule: If the LLC is a single member LLC disregarded entity (the LLC files along with taxpayer's personal tax return) or the entity if a fully revocable grantor trust disregarded entity (and once again files along with the taxpayer's personal return).