When a trust is formed, a company or a group of people are able to control many other companies together.
That will depend on how the trust is written. In most cases the beneficiaries have no say in how the trust is distributed.
What happens? the bank forecloses of course. The fact that the house is in a trust doesnt change anything.
A properly drafted trust has provisions for the distribution of the trust property upon the death of the beneficiary.
The trust gets divided into 100 equal parts and given to the beneficiaries.
It will short out. (Trust me it has happened to me.)
When a trust is formed, a company or a group of people are able to control many other companies together.
If you can trust a Christian, then you can trust a Jew. This is obviously supposed to be an inflammatory question, you should reflect on yourself and try to understand why others might not trust you. I can trust trustworthy people. If one of those people coincidentally happens to be a Jew, then I can trust a Jew.
Nothing essentially happens to the 2nd deed of trust unless the property actually goes to sale and the foreclosure does not get cured by either the Trustor or the beneficiary of the 2nd deed of trust. In that case the 2nd deed of trust would cease to exist and drop off title at time of the sale of the property.
it will go wild trust me
SInce the first is in a superior position, nothing happens to the first. Any purchaser at the foreclosure sale would then have to pay off the first deed of trust.
What usually happens when someone tells a lie is rumors are started. You get into a fight or you lose the trust of someone you love and care about.
The Trustee of the Trust is responsible for paying the debt out of the trust funds.