Easily Hide Data in the Land Contract

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How to Hide Data in the Land Contract

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- Hey guys, Clint Coons here, and in this video, I want to talk about the use of deeds, and put a little different spin on it that you may not be aware of, on how you can go about deeding your property without anybody knowing. Okay, lets get started. (lively rock music) All right, so heres the deal. If youve bought property before, you know what a deed, how a deed works, right? People get a deed, they transfer property to someone. You receive your deed if youve bought the property. You take that deed down to the county recorder. You record it right away. And now youre listed as the legal owner on title to that real estate, so the whole world at large knows. So a lot of people assume that in order to transfer title for a legally enforceable deed, you have to record it. Well, that is not the case. When youre transferring title to property, the recording aspect of a deed isnt necessary. Now, its important. Dont get me wrong, all right? You want to protect yourself against claims

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How do you hide assignment fees in real estate?

Set up an LLC as the buyer, not you as an individual. Then sell the LLC to the person that you would normally be wholesaling to for whatever your assignment fee would be. At closing, the buyer never changes, and there is no wholesale fee to hide.

What to hide when selling your house?

When listing a home, I always prepare my sellers to hide any personal documents for example, tax paperwork, medical information, invoices, photographs, expensive jewelry, irreplaceable items, and medications, says Jennifer Okhovat, a real estate agent in Los Angeles.

What is the main disadvantage of a land contract to the seller?

Disadvantage #1: The title does not automatically pass to the purchaser in a land contract. Disadvantage #2: The seller could be held legally responsible for inspection issues with local or state authorities. Disadvantage #3: Forfeiture of a land contract by the purchaser is a fairly common occurrence.

How do celebrities buy homes anonymously?

Youve got two good options: buying through an LLC or a trust, or having someone else purchase your house for you, in name only. Many celebrities take the first route, Mermelstein and Kirman said. When you buy through an LLC or a trust, the name of that entity appears in the public record as the buyernot your name.

How do you hide your address when you buy a house?

Heres how to hide your home purchase. Ask around in your network. Its likely someone in your personal or professional circle has faced privacy issues when buying a home. Erase your homes internet history. Hide a real estate purchase using a trust. Hide a real estate purchase with an LLC. Contact an attorney.

How do I hide my name when buying a house?

The three most common ways to hold title to property for enhanced privacy purposes is either through an LLC, a revocable trust or realty trusts, also known as land trusts or nominee trusts. The main attributes of these structures, often referred to as privacy vehicles, are explained below, but it is important to

Does a land contract have to be recorded in Wisconsin?

The land contract is recorded with the Register of Deeds, giving notice to all of the vendees interest in the real estate and the vendors obligation to convey the real estate upon full payment. The transfer fee is due at the time the land contract is recorded, along with a transfer return.

Can you buy a house by proxy?

Proxy in Real Estate In the real estate industry, a proxy can be someone that is legally authorized to speak on your behalf. This type of relationship can occur between a homebuyer and a real estate agent if the buyer is unavailable and the home is scheduled for a home inspection.

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Hide Data in the Land Contract