A quick, easy-to-follow overview of how a Florida subject-to transaction flows when using a land trust with TRSTE, LLC as trustee.
Buyer and seller agree the property will be purchased subject-to the existing mortgage.
Provide the executed contract to the closing agent and copy our team for coordination.
Closing agent confirms liens and recommends a full payoff estoppel letter to avoid hidden “partial claim” balances.
Seller signs a Florida land trust with TRSTE, LLC as trustee; seller is initial beneficiary.
Beneficial interest is assigned to the end buyer, conditional on the mortgage staying current.
Trustee executes documents; buyer name stays off public record; liens/judgments don’t cross-attach.
Seller signs key documents at closing (e.g., limited POA, acknowledgment, escrow assignment, affidavits).
Buyer obtains a new insurance policy + separate premises liability policy to meet lender requirements.
Third-party servicer can collect rents and pay the mortgage, providing monthly confirmations to both parties.
Understand due-on-sale acceleration risk, potential tax reassessment impacts, and required deposit/closing payment terms.
Watch this video first to get a clear, expert explanation of the key do’s and don’ts before you dive into the Florida subject-to process below.
