Posted by colvegas on January 19, 2006 at 19:53:56:
If you vest your property’s title to your LLC you can invoke the lenders due on sale trigger but in most cases honestly it does not happen. By using a land trust one can legally circumvents the lender due on sale trigger and it also provides asset protection for your property.
YOu would vest your legal an equitable title to your designated trustee and then you take a beneficial interest in the trust and then assign interest to whatever beneficiary you wish. That beneficiary can be a IRA, another Trust, a person, a corporation such as a LLC or C corp etc.
YOu actually would make your LLC entity a beneficiary in your land trust thus avoiding DOS and they would both compliment each other.
If I can help you further feel free to email me at colvegas07@hotmail.com