07/21/2025
HOW WE STOP THE DUE ON SALE
You take title in a LandTrust, at closing
The owner transfers the deed to the trustee,
The trust document shows the owner now the beneficiary owns 100% of the beneficial Intetests
Since there is no consideration given from the trustee to the owner , there is no transfer tax . The deed is recorded showing only $10.
That means no tax reassessment next year based on the sale price , the sale price is hidden
Once the deed has been transfer into the owners land trust , the owner can sell the beneficial interests to a buyer, this is done with a assignment of beneficial interests ,
Now if the bank was to send the 30 day notice to cure by paying the loan off , or transfer back into owners name .
With a land trust it is a one page agreement to assign the beneficial interests back to the seller .
No need to change the insurance
No need to change title insurance
No need to make a new Deed
No transfer tax
If you took title in a LLC you would have to do all that
No cost to assign the beneficial interests
Now some TCs will tell you they will fix it by having the seller do a contract for deed or a lease option
What they don’t know is both are still a violation of the due on sale . Bank can still call the loan
We have a very little know method of still having 100% control of the land trust without owning any of the beneficial interests
Our TC service includes the fix , the land trust
For only $2,500
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