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What is a land trust when selling a home?

Full question:

I am currently selling my home FSBO and received and offer from an investor to purchase the home using a land trust. I've never heard of this before. Is this a safe way of selling a home and exactly what is it?

  • Category: Trusts
  • Date:
  • State: Nevada

Answer:

Please see the information at the following link:

http://definitions.uslegal.com/l/land-trust/

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

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FAQs

Selling your home to an investor typically involves a direct sale without the need for a real estate agent. The investor will evaluate your property, often making a cash offer. If you accept, the investor may handle the closing process, which can be quicker than traditional sales. However, it's important to review the terms carefully and ensure you understand the offer.

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