You're entirely correct. We see this all the time in Private Banking. It's sometimes hard to make folks understand the difference between a revocable trust and a person. It's such a close relationship that in many eyes it's just the person. But...the trust is a seperate entity. As long as it owns the home, and the docs reflect the trust as the borrower, you're covered.
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Dawn Coursey VP/CRA Queen
CRA Rating is in...Oh who cares...I'm home with the baby.