KEY PRIVACY BENEFITS
Protect Physical Safety:
If real estate is purchased under a Chicago Title Land Trust number, the buyer’s home address will not be linked to their name. That anonymity makes it harder for any unwanted visitors to locate your clients. For those working with the public or in the public eye, this is a simple and important safety measure.
Real Estate is one of the largest assets that a person owns. By placing property into a Land Trust, the owner can shield themself from asset searches, thus decreasing chances of litigation.
Maintain Financial Safety:
Internet fraudsters are very much a thing of the present. By putting together various pieces of financial and personal information obtained via internet searches, fraudsters can steal an owner’s identity. Land Trusts provide the ability to protect financial information and help prevent identity theft.
Keep Finances Private:
Although mortgages are a matter of public record, the buyer’s name does not have to be linked to their mortgage. Land Trusts help maintain anonymity on recorded financial documents associated with the purchase of their home.
Maximize Bargaining Power:
Land Trusts allow buyers to make confidential offers to purchase property. Confidential offers can help buyers stay anonymous, maintain negotiating leverage, and ultimately save money.
Probate court can be a long, tedious and costly process that many of us hope to avoid. Land Trusts provide an easy and private transfer of ownership on death without the time and expense of a court proceeding.
For land trust brochures, please contact Julia Mezher by phone (312) 223-4132
or email Julia.Mezher@ctt.com