Part 1 - Land Trusts & Lending: Conventional Loans

In Part 1 of our "Land Trusts and Lending" series 🎙️, Attorney Joe Seagle tackles a common misconception that financing property held in a land trust with a conventional loan through Fannie Mae or Freddie Mac in Florida isn't possible. Joe explains how Florida's land trust statute and case law, coupled with specialized third-party services, make it feasible. Joe outlines the essential guidelines, such as the need for the borrower to be a beneficiary, the trustee to be a corporation or financial institution, and the property to meet specific criteria. He also emphasizes the importance of keeping the property in the land trust and working with knowledgeable professionals. Tune in to get the full scoop! 📧 Have a question you want answered on our next Ask Joe episode? Email us at [email protected] or text us at (386) 832-1090 📬 Subscribe: Don’t miss out on future episodes of our Trust This podcast —subscribe now!       / @mylandtrustee   💬 Share Your Thoughts: We value your feedback! Reply below or use our feedback feature. 👋 Next Trust This Newsletter Alert: Stay tuned for more valuable tips and updates! pcs-title.read.axioshq.com/signup/pcs-posts Contact us today to discuss our business creation and land trust services! Visit aspirelegal.com/ or mylandtrustee.com/ for more information. Chapters 00:00 Misconceptions about Land Trust Financing in Florida 03:18 Borrower Eligibility and Underwriting Guidelines 04:45 Requirements for the Land Trust and Mortgage Premises 05:08 Signing and Documentation at Closing 08:32 Acceptance and Widely Accepted Land Trusts in Florida 10:27 No Need to Remove Property from Land Trust for Financing #landtrusts #landtrust101 #freddiemac #fanniemae #bankloansforlandtrusts #floridalandtrusts #floridahomestead #ownershipprivacy #hidepurchaseprice #assetprotection #assetprotectionattorney #assetprotectionattorney #lendingtoalandtrust #realestatetips #realestate #floridarealestate #joeseagle #trustthispodcast #realestatepodcast #mylandtrustee #aspirelegalsolutions

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