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Is a revocable living trust any help against foreclosure regarding one of our businesses, to protect home?
we are facing foreclosure regarding our ag service, new bank pres, and need to find loop hole, farm is in revocable living trust, does this protect our home, ag service is an LLC and trucking is an LLC, does anyone one know, we are running out of time.
2 Answers
- Anonymous1 decade agoFavorite Answer
LLC means just that a Limited Liability Company that separates business assets from personal assets. The farm is in a revocable living trust which should be protected in this case.
Source(s): 16 yrs real estate Title & Escrow Loans - 1 decade ago
A revocable living trust does not protect against Foreclosure. I am employed by a Law Firm that represents Associations. We have been successful in collectiong and foreclosing on revocable living trust properties. You need an attorney
