Deeding the Title and seasoning issues

[Paul Elya]

Hello all,

I've been browsing this forum for a long time but this is my first post. I would appreciate any help you can give me. Ok so like many of you I've been investing in short sales and buying under a land trust. In some cases when it's necessary, we'll have the property deeded over from the seller to the land trust so that when the end buyer runs a title search for financing the land trust shows up as the owner on record. The problem is many sellers are concerned with the idea of deeding over their property before the closing, because they are afraid of being left without the ownership while still holding the note.

My idea to hopefully relieve the sellers of some of their concerns is to have the sellers sign a deed to the land trust and then have another deed that is held in escrow with a lawyer of title company that deeds the property back from the land trust to the seller if something were to go wrong. Wanted to know if what your thoughts are? What I really need to do is write an agreement of what would constitute the second deed being released from escrow back to the seller.

I know that's a mouthful, but any idea's as to what should be included in this agreement? Or if that idea is even worth pursuing.

Thanks
Paul