Posted by Brent_IL on April 01, 2002 at 22:14:56:
I don’t understand the point. A trust is transparent tax-wise so you?re paying interest to yourself.
If you’re lending money to someone else why do you need the trust?
Personal Property Trust ? - Posted by JR
Posted by JR on April 01, 2002 at 14:14:52:
Can a Personal Property Trust own a Mortgage & Note? This maybe far fetched… Have 3 players, Lender, Personal Property Trust (P. Trust), Borrower.
Borrower gives P.Trust a Mortgage Note.
P. Trust Borrows money Collateral Assignment of trust From Lender at a Lower Rate and Relends it at a Higher Rate?
I know that there are licensing issues but I just talking about concepts here. Any comments.
JR