I have a property to purchase on a short sale, but the end buyer that my real estate agent has to purchase the property is funded by FHA and FHA has 90 day seasoning of title. Can a Land Trust be used in this instance, so that there are no title seasoning issues? I have read that Land Trusts do not break the Chain Of Title, so there is no seasoning issue with title.
I don't even know how to go about using a Land Trust if I had to.
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Heather
"I can do all things through Christ who strengthens me" Phil 4:13
I have a property to purchase on a short sale, but the end buyer that my real estate agent has to purchase the property is funded by FHA and FHA has 90 day seasoning of title. Can a Land Trust be used in this instance, so that there are no title seasoning issues? I have read that Land Trusts do not break the Chain Of Title, so there is no seasoning issue with title.
I don't even know how to go about using a Land Trust if I had to.
Heather
"I can do all things through Christ who strengthens me" Phil 4:13