Setting Up The Trust In A Shortsale Deal
Here is what I know and if I am wrong please correct me. I know I need to create a trust for example "1234 Anyway St Trust" have the owners own 100% beneficial interest in the trust and then sign a private document whereby the assign 100% of their interest to me.
I need to transfer and record the deed to the trust.
My question now is do I record the trust?
I guess I really need someone to explain the trust part for me when it comes to shortsales?
As discussed in recent posts you never want to record the Trust just the deed to trustee.