Home Property Titled to a Trust Example

Official source

A customer’s home property is titled to a revocable trust. The current market value for the property is $309,000. The customer owes $135,500 on the home’s mortgage. $309,000-$135,500= $173,500. The countable equity value for the home property in the trust is $173,500.

loading…

Home Property Titled to a Trust Example

Official source

A customer’s home property is titled to a revocable trust. The current market value for the property is $309,000. The customer owes $135,500 on the home’s mortgage. $309,000-$135,500= $173,500. The countable equity value for the home property in the trust is $173,500.