What Is the Nex Trust and Why Your Home Is Still Yours

What Is the Nex Trust and Why Your Home Is Still Yours When a homeowner hears their house "goes into a trust," the first reaction is usually a fair question: am I losing my property? The short answer is no. Here's how it works. What a trust is, in simple terms A trust is a legal arrangement in which a property is set aside for a specific purpose. With Nex, that purpose is to back the advance you receive while Vivra handles selling your property. What it means for you - Your property doesn't change owners while it's being sold: the actual transfer happens only once the sale is completed. - You pay no monthly installments: interest accrues, but it's settled only at the close of the sale. - You have a standard 6-month window to sell, with the option to extend it if you need more time. What happens when it sells When the sale closes, the credit is settled and you receive the remainder. Vivra runs the entire sales process through its broker network, and you get monthly progress reports from start to finish. What if it doesn't sell in 6 months The sale window can be renewed. It's not a deadline that automatically puts your property at risk; the extension is reviewed and agreed upon. Getting your questions answered before you decide Understanding how the trust works is part of making a good decision. Your Vivra advisor can walk you through each point with your specific case before you move forward. Questions about the process? Talk to a Vivra advisor.