: Due to these hurdles, many people choose to fund the trust with cash for a full-price purchase. Pros and Cons of Trust Ownership Buying a Home in a Trust: Revocable vs. Irrevocable
: The trustee is responsible for paying property taxes, insurance, and maintenance using trust funds. Financing Hurdles: Getting a Mortgage can an irrevocable trust buy a house
: Most traditional banks are hesitant to lend to irrevocable trusts because there is no single individual owner to hold accountable for the risk. : Due to these hurdles, many people choose