Last reviewed 10-31-2026Short-Sale.com Editorialglossary

Revocable Trust (or living trust)

Fannie Mae

Updated 10-31-2026

Revocable Trust (or living trust)

A trust that an individual creates during their lifetime that becomes effective during their lifetime, but which can be changed or canceled at any time for any reason during its creator's lifetime.

Fannie Mae Glossary of Terms

Fannie Mae · p. 42

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