What's The Diffrence Between A Trust Deed And Land Trust?
I managed to aquire a Trust Deed thinking it was the same as a land trust, but after some further study (on TCI) I am not sure Apperantly you don't record the land trust. . . (so what do you do with it?) I am so lost!!!!!! What do I do? I attended a Free seminar for the Rice Brothers course. I didn't buy it but It made me see a lot of opportunity that I didn't see before. The speaker said you can use a land trust to protect yourself from being sued and from the DOS clause. So how do I do it?
A trust deed is a private mortgage loan, or a real estate note. Meaning, instead of a bank holding the note for the property, an individual is holding a note that the borrower must payoff in order to own the house free and clear.
A land trust is an entity that you use to hold the title of the property as an asset protection or estate planning tool. You should read up more on real estate terms. Next time, make sure you know what you are doing before you get yourself into deep trouble.
Tanya