Do you own real property in your name or through an LLC? If you do, you could be subject to tenant lawsuits as well as code enforcement and the IRS. Whether you own in your own name or an LLC, the information is public about who’s behind the ownership of your properties, and that makes it difficult to keep anonymity from your tenants and code enforcement officers.
William Bronchick – Land Trust Advanced eCourse
From: William Bronchick, ESQ.
Re: How to Protect Yourself from the Litigation Explosion
Dear Entrepreneur and Potential Multi–millionaire,
Are you a owner of real estate in your name, an LLC or in another name? If you do, you could be subject to tenant lawsuits as well as code enforcement and the IRS. Whether you own in your own name or an LLC, the information is public about who’s behind the ownership of your properties, and that makes it difficult to keep anonymity from your tenants and code enforcement officers. All inquiries about your properties can be made, as well as lawsuits and asset searches. In other words, you are numb in a sea of information.
Your odds of being sued are higher than ever!
Lawsuits are an everyday threat to your financial well–being. Imagine a thug holding a.357 pistol to your throat and asking you to hand over your wallet and credit cards. How would you feel? Are you scared? 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 how to avoid being a victim of the “bloodsuckers” “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 currently a landlord or do you intend to buy real estate in the near 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! It is obvious to jurors that a landlord who has been sued for causing damage can be seen as such.it’s pay–back time! This is their chance for revenge against any landlord who hit them with late rent charges or made them give up the pet. And, consider this… most judges earn less than you. They could be so sympathetic! What are the chances of getting a fair trial, you ask? If you don’t know my protection strategies, it might be best to just give me your checkbook and title to your house.
WATCH OUT! The Lawyers Have Their Own
Real Estate Investors: Targets
The National Consumer Law Center published a report titled “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. What is the surprise? All over the country, there are lawyers who offer the same services. “consumer protection” People who believe in delusion are the ones to be pursuing real estate investorsYou do not have to be one of these opportunists! These opportunists will be exposed to you.
Still not convinced? Here’s 5 More Good
There are many reasons to hold real estate in Trust:
1. Protection from liens A trust name titled real estate is exempt from liens. A judgment holder or IRS can file a claim against property in the name and address of a seller if they are dealing in foreclosure. The personal judgments and liens of the seller won’t attach to property titled in trust.
2. Protection against title claims. You could be subject to title claims if you sign a warranty document in your name. Even if you have title insurance, a lien could be filed without you knowing. Because the claim is limited to the trust, a land trust that you serve as the seller will protect your personal rights against all types of title claims. You are less likely to be sued if the trust has already sold the property.
3. Discouragement of Litigation Let’s face it, people tend to only sue others who appear to have money. Because their fee is based upon collection, contingency attorneys are less likely to accept cases they cannot win. You will not appear if your properties are difficult to find. “broke” It is less worthwhile to sue. Even if a potential plaintiff believes you have assets the difficult prospect to find and attach these assets will discourage litigation against your.
4. HOA Claims Protection When you take title to a property in a homeowner’s association (HOA), you become personally liable for all dues and assessments. If you purchase a condo in your name, and the association assesses a amount due, they may place a lien upon 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. Make contracts assignable. The ownership of land trusts (also called the “beneficial interest”The property () is transferable in the same way that stock in a corporation can be transferred. The beneficiary of the trust can be changed after property has been titled in trust without changing the title. This is especially true if the real estate contract is not in trust.-As in the case with a bank, assignable-HUD property or property owned by the owner. Instead of making an offer in your name, you can make it in the name and name of a trust. Then, you can assign your interest to the trust to a third person.
The land trust home study course shows you step–by–step:
- How to remove your name and privacy from public records.
- How to protect your real estate from judgments & liens
- How to sell or buy real estate without being identified
- How to avoid title claims
- How to “assume” Personal recourse is not required for loans
- How to avoid probate for your real estate assets
- Creative ways to use a land trust as part of a 1031 Tax–Deferred Exchange
- How to buy & sell real estate without title insurance or “closings”
- How to use land trusts to avoid the infamous “Secretary of State” “due–on–sale” Provision of a mortgage, deed or trust
- How to use personal property trustees to keep your automobiles, bank accounts, and other personal property private.
- Five innovative ways to use landtrusts as real estate investors. How to use a Land Trust as a security device in real estate transactions
- How to fill out all the paperwork yourself to setup and use land trusts and personal property trusts – without expensive attorney’s fees!
- 161-page workbook complete with state–specific legal references
- Four audio CDs were recorded at a recent live seminar
- CD–ROM with legal forms to create and use LAND TRUSTS
- 50 state guide to land trusts with legal citations (sorry, not valid in Tennessee or Louisiana)
- Personal Property Trust Formulas
- Step-By-Step Land Trust checklist
- Bill provides priority email support Bronchick, ESQ.
- For 12 months, no cost for course or form updates
And Much, Much More
Sale Page : http://www.legalwiz.com/land-trust/
- Lectures 0
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- Duration Lifetime access
- Skill level All levels
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- Assessments Yes