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socalInvestor
RE Investor
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land trust stop foreclosure?
Thursday, December 23 2010 02:35 AM
Hello, I am here in Southern California, does anybody know the process to stop foreclosure sale if I transfer the deed to a Revocable Trust or Land Trust. Is this works? why?? and the process to do it?
reply or comment,
thank you.
Mike R.
Many people is talking here about it. reply or comment here. (investorsusa at gmail dot com)
KO
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Randy Hughes
Land Trust Expert-40+ years of experience
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Re:land trust stop foreclosure?
Thursday, December 23 2010 10:04 AM
Mike,
There are many benefits to using a Land Trust but putting your property into a land trust will NOT stop a foreclosure. If the foreclosure filing has already occurred, there will be NO effect on the process. If the filing has not be done yet, by the lender, then all that happens (if you put your property into a land trust prior to the filing) is it gives the lender one more person (or entity) to serve (your trustee) in the foreclosure process.
Randy Hughes
866-696-7347
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