Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does 1AM purchase loans on properties held in Trust?

April 26, 2017held Loans properties purchase Trust

0

Posted

Does 1AM purchase loans on properties held in Trust?

1 Answer

0

Posted

1AM will purchase loans closed in an Illinois Land Trust or a Revokable Living Trust. Trust Agreements and an additional Attorneys Opinion letters must be approved by 1AM prior to closing. Investment properties are ineligible.