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buying a house through a land trust

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    buying a house through a land trust

    Has anyone every had an experience buying a house under a land trust? How did you get financing?

    #2
    A Land Trust and getting a Mortgage are different things.

    You don't actually "buy" the land with the Trust. You will still need to qualify individually to get a mortgage. For individuals, a land trust is mainly used for privacy purposes and to avoid probate. The title/deed of the land is merely placed in the name of the Trust. But the individuals still must be able to get the mortgage.

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