In this ever-changing housing market, questions regarding vesting (the manner in which title is held to real property) continue to arise. One such frequently misunderstood means of vesting is that of properties held in a “Living Trust.”
When a property is held in a Living Trust, title companies have particular requirements in order to facilitate a smooth sale or refinance transaction.
While not comprehensive, the attached FAQ sheet will provide you with some of the basics regarding Living Trusts. For more technical, legal and/or tax questions, you’ll need to consult the proper professional.