What types of property will the Trust not hold?
The Trust will not permit investments of mobile homes, time shares, foreign real estate, or property purchased through an auction or tax sale. Permanently attached manufactured homes may be purchased only if the certificate of title has been surrendered. Please contact the taxing authority with regards to the process of surrendering the title. May I purchase foreclosure property in my Trust account? Only if the property has already been foreclosed upon, and you can provide all of the items on *Processing Checklist for Real Estate. However, the Trust will not process a foreclosure purchase directly through an auction or tax sale. How are expenses and/or improvements handled for real estate held in my Trust account? All earnest money deposits, insurance premiums, taxes, debt payments, or other expenses of the property (including any improvements) must be paid by the Trust account directly to an unrelated third party. Since the Trust requires your written authorization to pay invoices, it
