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A comment on Facebook prevents sharing New York Post story on BLM co-founder's real estate. Parent comment

Re:Facebook prevents sharing New York Post story on BLM co-f... by nitrogen on Friday April 16, 2021 @06:54PM (#26839927)
Do wealthy or famous people use some kind of property management entity to hide their personal info in those records?
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Re:Facebook prevents sharing New York Post story on BLM co-f... by e9 on Friday April 16, 2021 @06:57PM (#26839946)
Yes, they set up trust and then trust owns the property. You can still sometimes figure out the owner based on the trust name.
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Re:Facebook prevents sharing New York Post story on BLM co-f... by jedberg on Friday April 16, 2021 @07:05PM (#26840005)
They use trusts, or if they really want to be private, they have their estate lawyer's firm buy it for them and be the owner of record.
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Re:Facebook prevents sharing New York Post story on BLM co-f... by OldHand2018 on Friday April 16, 2021 @08:18PM (#26840484)
Yeah, generally you have what’s called an Illinois Land Trust. I think every state but Louisiana now allows them.

The public record will say that the owner is “Trust #541341324132 with XYZ Bank/Title Co/Law Office”

If you want to know the real owner (“beneficiary”), you go to court and present the reasoning for wanting to know. If it’s a valid reason, the court will issue an order that you take over to XYZ Bank/Title Co/Law Office and they’ll give you that information.

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Re:Facebook prevents sharing New York Post story on BLM co-f... by entangledqubit on Friday April 16, 2021 @06:58PM (#26839954)
Yes. Also, if this is a concern, the property involved may never have been publicly listed as for sale.
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