We are a Title Company who specializes in Investor Transactions and are used as a resource for our clients to learn and grow. 

Legally they should, but some trustees will not work if it is that close to foreclosure.Is there a title report available? 

Make sure you carry proper insurance if it is being run as a group home.

Hi @William Michael simply transferring the title of the properties into an LLC you create will not free up your debt-to-income ratio if you have personal mortgages on the property.

Usually when you but the property goes under your name (title) and the lender (uncle) has a note and deed of trust.  

Usually you need to do an inspection, and the title report needs to be completed. 

(Government qualifications requirement)The so-called "stress test" determines the borrowers ability to qualify as follows.If  the mortgage loan is to be insured, the borrower must qualify at the higher interest rate of either:the Bank of Canada’s conventional five-year mortgage rate (presently 5.34%)the interest rate you negotiate with your lenderIf the mortgage loan is uninsured, the borrower must qualify at the higher interest rate of either:the Bank of Canada’s conventional five-year mortgage ratethe interest rate you negotiate with your lender plus 2%Regardless, interest rates are still considerably below their historic range of 7-9%.

The longer the gap in insurance coverage, the higher the future insurance premium.

SFR with clear title.

I would not recommend contributing funds to do repairs until you get the title in your name.