Sept. 7, 2008
ABC Real Estate LLC
President Preston Parker
123 Creative Way
Logan, Utah 84341
Real Estate Company Helping Out Logan Residents
ABC Real Estate Introducing New and Creative Way of Buying and Selling Homes
LOGAN, UTAH—ABC Real Estate is introducing a new and creative way of buying and selling homes in the Cache Valley area. In partnership with Bill Gatten, ABC Real Estate uses equity-holding, beneficiary-directed land trusts and is looking for investors.
“We are excited to be the only company in Cache Valley to be using the Equity-holding land trust system,” said Preston Parker, president of ABC Real Estate.
Each land trust is comprised of four beneficiaries: a seller beneficiary who puts the home in a trust, a credit beneficiary who lends their credit to buy the home, an investor beneficiary who lends money for the down payment of the home, and a resident beneficiary who lives in the house and works on their credit score, their debt/income ratio and money for a down payment. These Equity-holding land trust systems are designed to help the resident beneficiaries get into a position where they can eventually buy the home. ABC Real Estate is looking for people to be the credit and investor beneficiaries.
ABC Real Estate is a new company based in Logan. It first opened its doors in January 2008 and is the workplace of Preston Parker, president of ABC, and four other employees. ABC Real Estate is Parker’s 3rd start-up company and is the 2nd company in Utah to be offering equity-holding, beneficiary-directed land trusts.
Kym Ridl
345 W 456 S
Logan, Utah 84321
kridl@aggiemail.usu.edu
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