These regulators don't need to refer to the Code to call a duck a duck, they simply see if there as any type of ongoing consideration paid to facilitate the conveyance of title to RE and use the definitions of security interest, title and equitable interest and payments basically to identify any financing arrangement.

·Property Condition – Properties are sold in “As Is, Where Is” condition without guaranty that insurable title will be conveyed, and no proration of real estate taxes or fees.

Was just trying to convey to those who might not understand.

I'm totally against quit claim deeds, except as a deed in lieu of foreclosure and a conveyance of a partial interest between parties in title.

Hi @Derek LeBlancWelcome to BP.Note - Buying and Selling on Lease Option or Lease Purchase means you are controlling a property, not conveying title.Selling on RTO - Lease PurchaseLandlords and RE Investors sell their properties on RTO, which is a lease and a seperate option, usually 3% non refundable option fee on top of 1st and last months rent.

Quit claim deeds only convey that interest one may have in a property, I can quit claim the Empire State building to you.QCDs can cause title problems when used improperly for a transaction, breaking the chain of warranted title.The OPs idea mentioning divorce matters could be instance where you'd find someone interested in selling.

(LOL)It's a disguised sale, doesn't matter what you call a stream of payments, the fact is that payments are required and at the end of the term an asset is conveyed to the one who made the payments.No, it's not SAFE Act compliant, the Act states "any method or scheme" that appears to circumvent the intent of the law will be subject to the Act.

I sold a HUD home where title was not conveyed properly, but luckily the buyers got title insurance.

Seller will convey title to Buyer with a General Warranty Deed.Additionally, buyer possesses the right to withdraw from contracted agreement within thirty (30) days of this documents signing if buyers partners elect to not commence with the purchase of the aforementioned propertyBuyer and seller agree that, upon any default by the Buyer, Seller will keep any earnest money as full liquidated damages.

Clearly a Short Sale, is where the property is sold and thus is conveyed to a new third party.