Real Estate Investors Up in Arms at Release of Attorney's Controversial New Report 'The Death of Land Trusts in Short Sales'
Cleveland attorney Jeff Watson sends out a warning message to all real estate investors using land trusts. Controversial new report will change the way real estate investors do short sales.
Cleveland (PRWEB) April 8, 2008 -- For nearly 1200 years, people have been using land trusts to establish ownership and manage properties. Real estate investors have been quick to adopt the land trust because of its ability to protect privacy, avoid the probate process and to help complete transactions much quicker.
With legislation and regulatory scrutiny from state governments and the Attorney General mounting, the use of the land trust could become virtually extinct for real estate investors.
"The land trust is an incredibly powerful tool, but too many investors don't really understand how to use it properly. Too many of them (investors) have used it incorrectly causing the government to step in," claims Attorney Jeff Watson, author of "The Death of Land Trusts in Short Sales."
Included in his report is a discussion of the origin of land trusts, how they work, and other strategies to consider for accomplishing similar goals without land trusts. In addition, the report breaks down the roles and powers of all the parties involved in a land trust including, Trustee, Grantor/Settlor, Trustee/Fiduciary and Beneficiaries.
Some investors are not happy with Watson's newest release. "The land trust is one of the best assets an investor can use. This is going to be a big blow to a lot of short sale investors out there," says real estate investor Greg Clement.
"I'm not sure what will happen with the land trust. However, if these investors don't start learning how to use them correctly, we could see the extinction of the land trust," comments Watson.
Jeff Watson is a full time practicing attorney for the last 17 years and has an active trial/hearing practice. Jeff frequently assists and represents other investors in their deals, negotiations and in litigation. Jeff's report "The Death of Land Trusts in Short Sales" is available at no cost at http://www.freeshortsalestuff.com.
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