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Real Estate Loan-Property Owner Is Trust Scenario

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Question: 
Our borrower is an individual. The purpose of the loan is refinancing a first lien with another lender. The property owner is Trust. Is this acceptable and do you have any recommendations for dealing with this scenario?
Answer: 

This is all going to be dependent on State law and how the trust is organized and the powers that the trustees are granted.

First published on 03/17/2019

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