4 people want to...

start a trust and sell my house to it


 

People doing this:


  • Entries

    Productive day so far 2 years ago
    so far today I’ve…
    • Read the 2 documents from my lawyer, and OK’d the trust deed.
    • Filled out the extra small mortgage application for the bank
    • Found someone to clean my apartment when I leave (as I want to rent it after it’s in the trust)
    • Contacted the property manager about signing up.
    • Made a small (late) addition to my property split agreement and that’s back with the lawyers for alteration – should be complete by COB today I hope.

    All of those things need to be done before I can complete this goal (well, apart from the cleaner and property manager I guess).



    GTD! 2 years ago

    I’ve been to the bank, and they were (in principal) happy with me assuming my entire mortgage, and transferring the property into a trust.

    My lawyer should be delivering me a property settlement agreement today which I need to check, and then the mortgage will be all mine (hang on, that’s not a good thing!).

    I should also be getting a copy of the trust deed today, which I need to read and accept, and then the trust gets set up.

    It’s all on.



    I contacted... 2 years ago

    ...my lawyer last week about this. He got back to me today, and the wheels are in motion.

    I need to go to the bank tomorrow to talk to them about it all. I’d quite like to be able to keep the mortgage personally because I’ve got a good fixed interest rate, but I doubt the bank will go for it – especially given after I sell the house to the trust I’ll have virtually nothing to my name.




     

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