Posted by Sophia on November 03, 2005 at 16:56:36:
My guess is that you have not met the minimum time in the property. I doubt they would be tip off by placing the property in a trust, nor if you change the billing address. You should also be aware that since your name was already record for the mortgage and purchase, the trust actually provides little shielding. Your best protection is an umbrella policy and let the insurance lawyer fight you battles.
follow-up question to - Posted by Shannon
Posted by Shannon on November 01, 2005 at 14:07:22:
I just read the article "How to beat the “due on sale” clause. I have a question: how do you change the mailing address with the lender without tipping them off that the property has been sold or assigned to a trust?
for example: I want to put 2 properties I own (in my own name 
) into a land trust. I don’t want the lender’s bills and paperwork to be sent to rental. I want all that to be sent to my P.O. box. Wouldn’t it seem suspicious if I told them the new mailing address where the addressee is XXX Land trust?
Re: follow-up question to - Posted by Sophia
Posted by Sophia on November 02, 2005 at 15:21:15:
The few I have done were very easy since, the mortgage companies had websites that allow you to make the address changes online. If yours don?t, try a fax letter, sent by the owner listing you as the property manager with the responsibility of paying the mortgage from the rents collected.
Re: follow-up question to - Posted by Shannon Reynolds
Posted by Shannon Reynolds on November 02, 2005 at 15:53:59:
Sophia,
thanks for responding! Both of my properties were funded as owner-occupied because I lived in them right when I bought them. Because of this, wouldn’t the use of a property manager tip them off that something was going on? Could I just change the address and leave the bills coming in our name? WOuld that defeat the point of hiding the asset? thanks!