Land Trust

[peppylady]

What is the name of your state (only U.S. law)? Florida

Does making a Family Land Trust Prevent foreclosure or even stop a foreclosure proceeding??

 

[FlyingRon]

If you think that you can avoid a foreclosure by moving a mortgaged property into a trust you are out of luck. The trust might prevent a property from being attached as a result of judgments from other lawsuits. You'll have to expound a little on what exactly you're trying to do.

 

[nextwife]

What is the name of your state (only U.S. law)? Florida

Does making a Family Land Trust Prevent foreclosure or even stop a foreclosure proceeding??

It does if the trust pays off the mortgage.