Are checks/receipts/proof of payments needed or would transfers be ok?

Make sure you put discount clauses and subordination verbiage in your offer.Use the Installment down payment clause.A Front Porch clause can be used to completely eliminate the down payment requirement.Write in your offer that seller pays all transfer, contributes X-$'s to you at settlement and that you receive all positive escrows if there is a mortgage to be paid off, and the seller agrees to leave stuff in the house or garage - all furniture, the old car in the garage, tools and garden stuff.

I was wondering if when I buy a property at the auction and the right of redemption period is let's say 6 months can I sell the property once I have finished my renovations (fix and flip exit strategy) or do I have to wait until I am in full possession of the property after the redemption period has ended in order to transfer the deed?

This feature would saving time for all of us and shorten the knowledge transfer.

The seller will obviously hold the debt/note for the existing mortgage while the title gets transferred to me.

The U.S. is currently in the midst of the greatest transfer of wealth in HISTORY, as Baby Boomers age-out and relinquish their assets to younger generations.The deals are definitely out there!

Unless lender specifically agrees to a subject to transaction, the loan by way of the deed transfer is in default, and as such the lender can accelerate the note demanding full payment at any time.4.

But transferring liabilities could be.

They can assist with transferring from a 401k so you can invest in real estateI pulled back from referring any sdira custodians as don’t like to recommend as YMMV with each one

I'd have to slightly raise my fee if the latter I'd think, or maybe offer a discount for bank transfer instead.