LAND TRUST IN TENNESSEE?

Does anyone know if land trusts are legal in Tennessee? ....thank you...CWal

Comments(4)

davmille29th November, 2003

TN and LA are the two states that do not recognize land trusts. However, you might want to check with a good real estate lawyer because I don't know if this is something that might be about to change.
verbatim6th December, 2003

so does this mean none of you all in TN & LA aren't using land trusts or sub2 methods?
JohnMerchant7th December, 2003

If I were a law school prof, I'd sure have some fun with this question:

Since Garn St. Germaine Fed Law specifically states that a deed from a debtor to his own trust IS not only legal but does NOT trigger the lender's DOS, if it has one, how could ANY state say that Fed Law is not applicable in that state?

Does not every one of the 50 have to recognize and comply with Fed Law?
myfrogger7th December, 2003

My thoughts exactly JohnMerchant