Posted by Chet on February 21, 2005 at 22:32:29:
One technique which is documented on this web site for hiding the chain of title, is to have the party you’re buying from directly transfer it to the trust. That way it’s never recorded in your name. (Usually subject to) But it runs the same risk of triggering the due on sale clause.
Rental Property Protection - Posted by Craig
Posted by Craig on February 21, 2005 at 20:23:09:
I have just started buying rental properties in my own name and need to know the best way to protect myself from lawsuits. I’ve heard that I can transfer title to an llc, but this may trigger the due on sale clause. Also, I’ve heard that land trusts work to hide your assets, but my question about land trusts is this. If i purchase a property in my name and then transfer it to a trust, there still remains legal documentation on record that shows the property passing through my name. If this is so, how does this work to hide my interest in the property? Is there another way to using land trusts that can solve this problem? Thanks for your help!