Several different scenarios available: 1. subject is free and clear and the seller actually transfers the deed to your name and records a promissory note.

Quote from @Richie Linnon: The existing contract transfers with the sale, so you need to look at the contract and see what it says.

@John UnderwoodMost likely it was a land contract they were buying which also would include assignment of land contractFor deed of trust / mortgage you get the assignment and allongeI know they are coming out with improvements to the site.If you think the buying process is challenging wait till you have to transfer a loan for servicing (not a paperstac issue) but that process is like catching your nails on a chalkboard

I also was going to stop transfer of up front fee's of 1.5%  $1725 while still on hold with of course and out of the Country so called investor.

Hey all,A developer I was talking to told me about a way to acquire properties by having the seller put the property in an LLC and transferring ownership of the LLC (or selling the LLC) with all it's assets to a new owner.

., as they may not cooperate with the transfer of your property to the new PMC:(

If they are transferring ownership, doesn't that trigger the due on sale.

Also the property transfer tax is quite high, it can add up to around 13% and normally has to be paid in cash.

I've seen a few properties in Colorado mountain towns for sale recently with STR licenses that transfer with the property (rare to find because the waiting list to get a license is many, many applicants deep.

This greatly discourages any transfer of title until litigation is resolved and most title companies will not issue clear title during this time as the title is in play.