LegalWiz – Land Trusts Vol3

LegalWiz – Land Trusts Vol3

What You Get:

Your Odds of Being Sued Are GREATER Than EVER!

Lawsuits are an everyday threat to your financial well–being. Imagine a thug sticking a .357 magnum up to your throat and demanding you turn over your wallet, credit cards, jewelry, and keys to your luxury car. How do you feel? Scared out of your mind? Vulnerable? Violated? You will feel exactly the same way (and maybe worse) when you are hit by a lawsuit and you know you haven’t done anything wrong! I will teach you the skills you need to protect yourself from being a target for the “bloodsuckers” and “ambulance chasers.” With impenetrable walls of protection around you, lawyers and greedy plaintiffs won’t be able to touch you or your assets!

Are you a landlord now or do you have plans to own real estate in the future? If you’re ever sued, realize juries are made up mostly of tenants. They are jealous that they don’t own a house and you have several! The way jury members see it when a landlord has been sued, it’s payback time! This is their chance to get even with every landlord who hit them with a late rent charge or made them get rid of that pet. And, consider this… most judges earn less than you. How sympathetic could they possibly be? What do you think the chances are of getting a fair trial? You might as well just hand over your checkbook and the title to one of your houses – unless you use my land trusts course to protect yourself. Many successful investors have found it valuable to pair this knowledge with comprehensive rental property strategies for maximum protection and profitability.

WATCH OUT – The Lawyers Have Their Targets on Real Estate Investors!

The National Consumer Law Center recently published a report called “Dreams Foreclosed – The Rampant Theft of Americans’ Homes Through Equity–Stripping Foreclosure ‘Rescue’ Scams”. It is a one–sided, wildly exaggerated attack on foreclosure investors that was funded by a left–wing “Consumer Protection” organization. These are the same type of lawyers who sue McDonald’s for making people fat and sue the tobacco companies for causing cancer. Guess what? There are lawyers all over the Country with the same “consumer protection” delusion who are going after real estate investors, and you do NOT have to be one of them! Before diving into land trusts, many investors start with foundational real estate investment strategies to build a solid knowledge base.

Not Convinced? Here’s 5 More Good Reasons to Hold Real Estate in a Land Trusts:

1. Protection from liens. Real estate titled in a trust name is not subject to liens against the beneficiary of the trust. For example, if you are dealing with a seller in foreclosure, a judgment holder or the IRS can file a claim against the property in the name of the seller. If the property is titled into trust, the personal judgments or liens of the seller will not attach to the property.
2. Protection from title claims. If you sign a warranty deed in your own name, you are subject to potential title claims against you if there is a problem with title to the property. For example, a lien filed without your knowledge could result in liability against you, even if you purchased title insurance. A land trust in your place as seller will protect you personally against many types of title claims because the claim will be limited to the trust. If the trust already sold the property, it has no assets and thus limits your exposure to title claims.
3. Discouraging Litigation. Let’s face it, people tend to only sue others who appear to have money. Attorneys who work on contingency are only likely to take cases which they can not only win, but collect since their fee is based on the collection. If your properties are hard to find, you will appear “broke” and less worth suing. Even if a potential plaintiff thinks you have assets, the difficult prospect of finding and attaching these assets will discourage litigation against you.
4. Protection from HOA Claims. When you take title to a property in a homeowner’s association (HOA), you become personally liable for all dues and assessments. This means if you buy a condo in your own name and the association assesses an amount due, they can place a lien on the property and/or sue you PERSONALLY for the obligation! Don’t take title in your name in an HOA, but instead take title in a land trust so that the trust itself (and thus the property) will be the sole recourse for the homeowner’s association’s debts.
5. Making contracts assignable. The ownership of a land trust (called the “beneficial interest”) is assignable, similar to the way stock in a corporation is assignable. Once property is titled in trust, the beneficiary of the trust can be changed without changing title to the property. This can be very advantageous in the case of a real estate contract that is non-assignable, such as in the case of a bank-owned or HUD property. Instead of making your offer in your own name, make the offer in the name of a land trust, then assign your interest in the land trust to a third party. For those interested in foreclosure opportunities, consider exploring proven foreclosure investing strategies to maximize your potential returns.