[OR] How can I buy property without my name appearing on the title or loan?

OR Real Estate

Legal Eagle

133,377 satisfied customers

View context

If you want to keep your name off both the loan paperwork and property title in Oregon, you will likely need to use a legal entity such as a trust or LLC. The main challenge will be your lender, as most require personal guarantees.

Trust option: A revocable living trust can own the property. You remain the beneficiary while a trustee holds title. (OR Rev Stat § 130.725)
LLC option: The LLC owns the property and appears on title and loan documents. (OR Rev Stat § 63.077)

Both provide privacy but have different tax and administrative implications. You must confirm your lender allows this structure.

Does that help clarify things?

Oregon Living Trust Form (Revocable)

Create Document

Full Conversation

Hi, I am buying a new property in Oregon, but I don't want my name to appear on the loan paperwork or the title. How can I do that?

Lexi, Chatbot

I understand your concern about privacy in your property purchase. Have you already identified a specific property you wish to buy?

Yes, I'm in the process of getting a loan, but it's not closed yet.

Lexi, Chatbot

Are you planning to use a trust or another legal entity to hold the title instead of your personal name?

Yeah, what's best?

Lexi, Chatbot

Is there anything else the Real Estate Lawyer should know before I connect you? Rest assured they'll be able to help with your property title privacy.

No.

Legal Eagle

Hello, I’m Legal Eagle. I’m an attorney who works in your area of law. I’ve read what you shared, so let’s go over your situation. Are you trying to keep your name off only the public title records, or also avoid personally signing or guaranteeing the mortgage loan?

I want to keep my name off both.

Legal Eagle

What is your main reason for wanting to stay off both, and are you planning to finance through a traditional lender?

I have a lender I'm working with.

Legal Eagle

Did you need to tell me anything else before I answer?

I can't think of anything extra at the moment.

Legal Eagle

Trust option: A revocable living trust can own the property. You remain the beneficiary while a trustee holds title. (OR Rev Stat § 130.725)
LLC option: The LLC owns the property and appears on title and loan documents. (OR Rev Stat § 63.077)

Both provide privacy but have different tax and administrative implications. You must confirm your lender allows this structure.

Does that help clarify things?

I talked with the lender, and he said it's fine if we use a trust as long as it's created before closing. With a revocable trust, can the trustee be an anonymous LLC? Also, can you help me draft the documents and tell me where to submit them?

Legal Eagle

The trustee of a revocable trust can be an LLC, but the LLC itself cannot remain anonymous since it must be registered with the state. You should work with an attorney to properly structure the trust. Documents must be completed before closing and submitted to the appropriate county or authorities.

If I register the LLC in Wyoming (like through an online service), can I still use it for the trust? Or does it have to be local to Oregon? Also, are you saying I need another attorney, not you?

Legal Eagle

You can use a Wyoming LLC, but Oregon may require it to register locally to operate there. You’ll likely need a local Oregon attorney to ensure compliance with state-specific real estate laws. I can provide general guidance, but a local attorney ensures proper setup.

What local filings are usually required?

Legal Eagle

Typically:

Register the LLC with the Oregon Secretary of State
File an assumed business name if applicable
Submit any required disclosures or tax forms related to property ownership

Confirm specifics with an Oregon-based attorney.

Does this chat stay open if I have more questions later?

Legal Eagle

Yes, the conversation will remain open for a while. If it closes, you can always start a new one.

Alright, thank you. I’ll check back if I have more questions.

Legal Eagle

I hope I was able to help! Feel free to reach out anytime.

Legal Eagle

133,377 satisfied customers

Criminal law, employment law, family law, landlord-tenant, and real estate law.

Welcome! Have a similar question?

By messaging AskALawyer, you agree to our Terms and Privacy Policy.

Benjamin

4.74 (679)

[FL] Can I sue an HOA contractor for property damage and lost rental income?

Answered 1 week ago

Barrister

Lawyer/Landlord/Realtor

4.78 (66,544)

[CA] Can an HOA enforce a rental cap without prior notice, and is selective enforcement considered discrimination?

Answered 1 month ago

Elizabeth

Law Clerk II

4.75 (43,836)

What legal steps can I take to remove my sister from my home for overstaying and illegal activity?

Answered 3 months ago

Disclaimer

By messaging AskaLawyer.com, you agree to our Terms and have read our Privacy Policy.

The information provided on AskaLawyer.com is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and timeliness of the information presented, we make no guarantees regarding its completeness or applicability to your specific circumstances.

Use of this website does not create an attorney-client relationship between you and AskaLawyer.com or any of its attorneys. Communications through this website, including any responses from attorneys, are not privileged or confidential. For advice tailored to your individual situation, we recommend consulting a licensed attorney in your jurisdiction.

AskaLawyer.com disclaims any liability for actions taken or not taken based on the content of this site. We are not responsible for any third-party content that may be accessed through this website. Reliance on any information provided herein is solely at your own risk.