Resource Center
Program structure & Titling Trust
​1, Introducing The Trust
REAL utilizes the REAL Homeownership Trust (the "Trust"), a Delaware statutory trust with an independent national bank trustee. The Trust serves as a vault to hold properties, leases, and cash.
​
2, Staging Capital
Seashine and the Client each deposit capital into the Trust. The Client pays the Option Payment and Seashine invests the balance of the purchase price of the home selected by the Client.
​
3, Deploy Capital & Closing At closing
The Trust acquires the property for cash, wiring the total purchase price to the closing agent who distributes proceeds to the Seller and commissions to the Real Estate Agent. Title to the property is transferred from the Seller to the Trust.
​
4, Monthly Payments
Each month, the Client makes their monthly payment to the Trust. The Trust pays property taxes, insurance, and HOA dues.
Why are properties held in the Trust?
-
The Trust ensures that every property is held safe, secure, and separate from Seashine and the Client.
​
-
As a fiduciary, the Trust ensures the contractual interests of Seashine and the Client are protected.
​
-
The client signs the contract directly with the Trust and is protected under the trust law.
Who is the trustee?
-
WSFS Bank, FSB (“WSFS”) is the trustee of the Real Homeownership Trust.
​
-
WSFS Bank, a federal savings bank founded in 1832, is the largest and longest-standing bank and trust company in Delaware and among the longest-standing banks in the United States.