Author Topic: Formed a revocable trust and moved my house. What next?  (Read 857 times)

jamesbond007

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Formed a revocable trust and moved my house. What next?
« on: November 05, 2021, 08:45:30 PM »
We formed a revocable trust and out attorney took care of the documentation with the county to move our house into our new trust. We paid the $20 fee via check and 3 months later (last week) we received a letter from the county that seemed cryptic to us. This is what it says:


It has our trust name, record ID, our home address. The it listed a service fee of $98 and it has a respond by date. It says that the "Property Site" recommends that all homeowners obtain a copy of their property assessment profile which includes a complimentary copy of my current grant deed or other record of title. These documents can provide evidence that the property at my address was, in fact, transferred and/or has interest to the individual(s) <Trust name>.


Now my questions are:
1. Did my house move to our trust?
2. Is this "evidence" necessary to obtain now?
3. Shall I get it?


If it helps, this is in Alameda County, CA.

Wile E. Coyote

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Re: Formed a revocable trust and moved my house. What next?
« Reply #1 on: November 05, 2021, 09:03:07 PM »
Sounds like a scam.  Probably not really from your county, just a company trying to pretend to be your county.  Call your county to confirm.

Catbert

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Re: Formed a revocable trust and moved my house. What next?
« Reply #2 on: November 06, 2021, 10:57:19 AM »
Sounds like a scam.  Probably not really from your county, just a company trying to pretend to be your county.  Call your county to confirm.

Yep, sounds like someone tracks property transfers and sends out scammy notices like this.  You'll know for sure that it transferred when you get your next property tax bill.

Fish Sweet

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Re: Formed a revocable trust and moved my house. What next?
« Reply #3 on: November 07, 2021, 01:09:18 PM »
THIS IS A SCAM and you can safely disregard it.  The letter doesn't come from the County, but from a scam company that takes great pains to make this look like official documentation.  Your property should be in trust (esp if this scam company is mailing you about it) and your attorney should be providing you with the original Grant Deed for the property when it comes in.

Source: Saw a lot of transfer of property into/out of trusts in my last job, along with clients calling and asking our office when they received this letter (or its equivalent.) We always advised them that it was a scam and that we would be providing them with the original Deed shortly.  My experience is also CA specific.

Fru-Gal

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Re: Formed a revocable trust and moved my house. What next?
« Reply #4 on: November 07, 2021, 01:34:23 PM »
Do you mind sharing how much it cost to create the trust & put the house in it? I'm shopping for this service.