Discussion Forum

Stick
Forclosure Prevention Specialist

Michigan Land Trusts

Thursday, April 23 2009 08:21 PM

Hello all!

This is my first time posting, but I have been observing and reading most of the post here and find that this would be a gre3at place to learn about Land Trusts.

I currently have a company that specializes in Foreclosure Prevention.  We conduct short sales (A to B/B to C) transactions using the land trust.  The trust allows us to not only create a spread but it helps us out with any FHA seasoning requirements.

We were recently informed by 3 different title insurance underwriters attorney that a land trust in Michigan is not a entity that could hold title to real property and we can not use them any more.  While I know that each state views trusts differently does any have any knowledge with them in the state of Michigan?

Respectfully,

Robert R.

REPLY

Stick
Forclosure Prevention Specialist

Re:Re:Michigan Land Trusts

Thursday, May 07 2009 01:30 PM

Are you effectly closing back to back transactions?

Respectfully,

Robert R.

REPLY