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Understanding the Equity Holding
Trust
An Analogy
Palm Springs Desert Area Homes, Condos & Real Estate
Think of the Trust as a
Corporation that owns the house.
1. Shares in the Corporation are allotted to the person on the note (the
Seller), the Investor, and the Buyer. In trust terminology this allotment of
shares is called "Allocation of Beneficial Interest." And the
Shareholders are called "Beneficiaries."
2. Then an Agreement between the Shareholders (Beneficiaries) is drawn up
which lays out how the Corporation (the Trust) will be run, and who gets what,
when and how. This is called the "Beneficiary Agreement."
3. The Corporation (the Trust) then leases the house to one of the Shareholders
(Beneficiaries). The Resident Shareholder, who is the Buyer, is known as the
"Resident Beneficiary." The lease document drawn up between the
Company President (the Trustee) and the Resident Shareholder (Resident
Beneficiary) is known as the "Use and Possession Agreement."
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Sellers Select Realty Services 23225 Tamyram Rd Sky Valley CA 92241 Tel: 760-329-3650 Fax:760-329-1265This Is Coachella Valley's Unique Real Estate Web Site
Palm Springs Desert Area Homes, Condos & Real Estate are to be found in the Coachella Valley cities of Palm Springs, Palm Desert, Cathedral City, Rancho Mirage, Indian Wells, Bermuda Dunes, La Quinta, Desert Hot Springs, Thousand Palms and Indio. These are the cities that form the Greater Palm Springs Desert Area and are home to some of the finest living and the best resort real estate in the world. If you want to sell or buy homes, condos, or real estate anywhere in the Coachella Valley, this site will provide the little known information you need and the solutions you seek.