Can I transfer the land to a trust?

Question

Accepted Answer

Yes. The land is yours from closing day, and you can later put it in a trust or an LLC with TerraFunded's written consent, since the Deed of Trust that secures your balance stays in place until it is paid. Ask us; we work with you on the paperwork so the transfer is recorded correctly at the county and your financing continues without changes. If you already know you want to hold the land in a trust or LLC, tell us when you reserve and the title company can prepare the documents in that name from the start; when the buyer is an entity, its owners also sign the Promissory Note personally.