How is the propertys “mutually agreed value” determined at the inception of the Equity Holding Trust, since there is no sale price per sé?
The “MAV” is set purely for the purpose of determining the Settlor beneficiarys initial contribution at start (e.g., his or her “equity,” along with any non-recurring closing costs paid). The MAV is generally the greater of 1) the fair-market-value inferred by a professional Comparative Market Analysis, or 2) the value of the property reflected by a mutually acceptable value determination; or 3) the aggregate amount of the existing loan/s against the property (i.e.
Related Questions
- How is the propertys "mutually agreed value" determined at the inception of the Equity Holding Trust, since there is no sale price per sé?
- Why might a buyer choose an Equity Holding Trust purchase, even if loan on the property were to be greater than the propertys value?
- How is the propertys "mutually agreed value" determined at the inception of the Square1 Trust™, since there is no sale price per se?
