In Part 1 of our "Land Trusts and Lending" series ️, Attorney Joe Seagle tackles a common misconception that financing property held in a land trust with a conventional loan through Fannie Mae or Freddie Mac in Florida isn't possible.
Joe explains how Florida's land trust statute and case law, coupled with specialized third-party services, make it feasible. Joe outlines the essential guidelines, such as the need for the borrower to be a beneficiary, the trustee to be a corporation or financial institution, and the property to meet specific criteria. He also emphasizes the importance of keeping the property in the land trust and working with knowledgeable professionals.
Tune in to get the full scoop!
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