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Need title in hand to move property to a trust?

Home Forums General EHTrust/EHT Topics and Creative Real Estate Financing Need title in hand to move property to a trust?

This topic contains 2 replies, has 0 voices, and was last updated by Avatar of abrown abrown 15 years, 7 months ago.

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  • #52
    Avatar of abrown
    abrown
    Member

    I own a rental property. My tenant is interested in buying, so I’d like to do this via

    #7081
    Avatar of bill_gatten
    bill_gatten
    Participant

    A Special Warranty Deed is basically just a Grant Deed and not analogous to a Trust Deed.

    #7082
    Avatar of abrown
    abrown
    Member

    Thanks for the reply Bill. I now understand what a Special Warranty Deed is. I guess what was bugging me was not the deed itself (from the VA), but the financing – it’s an installment contract; and when I go to the courthouse to look up my property, I’m not anywhere on title – the trustee (bank) is.

    So I’m assuming that if I go ahead and create a trust in which I am the Grantor, I should be able to record the conveyance to the new trust, even though the county recorder’s records never showed I owned it in the first place.

    Is that right?

    #7083
    Avatar of bill_gatten
    bill_gatten
    Participant

    No!

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