buy property on subject to question

[Lilly Fang]

Hi, I have a wholesaler approaching me with a subject to deal with. Here is the number:

take over $285000, 2.5% mortgage; $70,000 lien, 0%; $35,000 lien 9%;

My out-of-pocket expenses are $40,000, and my rent is $2500. The market value of this house is about $450k. What attracts me is the 2/5% mortgage takeover.

I asked if I would take over the title. The answer confused me. It sounds like the title will be transferred to a land trust, and my LLC or I personally will be the land trust beneficiary. I don't understand why I can't just use a normal title. Why land trust?

And he said I would pay the mortgage directly. I asked why the seller would sell the house this way. He said paying off the mortgage every month on time will help the seller fix her credit.

Am I missing anything? first time deal with subject to.