[quote=momma mia] . . . I have trust documents sitting on our kitchen counter waiting to be signed, but the documents have the trust named after our family name…. and I was beginning to think we should consider renaming the trust to something that has nothing to do with us so that the identity thieves can’t find us…
But now that I hear that you can’t get a LOAN on a piece of property if it’s in a trust without your family name???? Is this really true?
I don’t know what we are going to do…. :([/quote]
momma mia, you can’t get a loan at all in the name of a trust.
You will take title in your own names and THEN transfer the property to your trust. You can do this all in the same day if you can get the escrow officer to draw up a quitclaim deed to your family trust.
I wouldn’t worry about identity thieves possibly viewing your original grant deed and deed of trust at the recorder’s office. There are no SS numbers on there and nothing for them to steal in order to assume your identity.
