Refi? How - Posted by sean

Posted by DavidV on April 19, 2002 at 01:31:36:

The bank would probably want you to deed back out of the trust to the beneficial interest holder to refi. You never know, call some and ask.

Refi? How - Posted by sean

Posted by sean on April 18, 2002 at 16:31:53:

I have a question about refi on a trust.
This isn’t a time sensitive thing, I was just wondering, if you have an owner finance in a trust, how do you refi if the deed isn’t in your name yet? It seems this wouldn’t be difficult to get around, but I haven’t come up with anything yet.
Has anyone here ever had this problem???

Re: Refi? How - Posted by Rufus Terwiliger

Posted by Rufus Terwiliger on April 19, 2002 at 14:45:17:

Assuming you’re referring to a land trust, you can just buy the property from the trustee (the legal and equitable title owner), then after the financing, put it back into another land trust…