Since this is an unconventional lending instrument, you have to make sure all your ducks are in a row (contractors willing to perform the work, dates of work start/completion, all additional paperwork completed, etc), but it was well worth it.

You can still use the legal instrument of an assignment of contract, but not as a wide spread business practice.

Further,"At least one borrower must occupy the property and sign the security instrument and the mortgage note in order for the property to be considered owner-occupied."

The AGENCY document, and compensation, are 2 COMPLETELY separate items, although yes they do commonly appear on the same documents as a detail to such and the 1 same document is commonly used as an instrument in such commissions established. 

Gregory, any lender can provide a copy of the note and mortgage instrument to any party.  

Then you submit plans to city, they may reject them and make a coupe more changes. 

They seem, at the surface, to be a logical instrument for long term incentive alignment, especially in today's market.

The letter states the following:FULL RECONVEYANCEWHEREAS, John Smith, is the Trustor, Bank of America, N.A, is the current Beneficiary and ReconTrust Company is the current Trustee under that certain Deed of Trust dated XX/XX/20XX, and recorded on XX/XX/20XX as Instrument or Document No.

I don't believe they use any security instrument.

I'm not endorsing his products, or encouraging anyone to buy anything, just making information available to fellow board members that may be in the same predicament I am (trying to learn about a process that is very complicated; is county and state specific; and information is not readily available on the internet without weeding through scammers, or high-priced gurus... or individually calling each county treasurer's office...I also came across a website: **********This is a searchable database/auction platform with both tax liens (under financial instruments) and tax deed auctions, with a calendar of upcoming auctions.