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Is it difficult for a Land Trust to get approved for mortgage? Can a Land Trust have a credit rating? Will banks open accounts for Land Trusts? Thank You

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Samuel,

You asked: Is it difficult for a Land Trust to get approved for mortgage?
The land trust does not qualify for the loan, the beneficiary does. Land Trusts do not file tax returns or have tax i d numbers.

Can a Land Trust have a credit rating?
No,

Will banks open accounts for Land Trusts?
No, see above.

Mr. Land Trust

Do Banks have a problem with the beneficiary applying for a loan but the property being deeded in the name of the Trust?