Land Trust Needed for "Subject To" personal residence? Posted by: bayreef9 sales
Posted on : 1/6/2010 1:18:06 AM If used as personal residence, should I use a land trust if want homestead exemption and property tax deductions? |
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Re:Land Trust Needed for "Subject To" personal residence? Posted by: stangplane investor
Posted on : 3/2/2010 4:17:57 PM i am learning the land trust.....but what i understand is that you will loose the homstead....because technically you dont own the property anymore...the land trusts owns it, and someone else lives in it {YOU}....just my opinion |
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Re:Land Trust Needed for "Subject To" personal residence? Posted by: WilliamGA Master of ALL I Survey
Posted on : 3/2/2010 4:21:35 PM Depending on your county, you should still be able to take your homestead exemption while using a trust. You will have to sign an affidavit to the fact that this is your personal residence.
William Tingle
www.Sub2Deals.com
How beautiful would this world be if we all practiced what we preached? |
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