Definitely want to consult a title attorney on that, but this is why I tell people to go with large well funded title companies rather than the cheaper local ones. 

This might be due to subsidy or assistance programs where payments are deferred or not required under certain circumstances.Verify Loan Terms:Contact the lender or servicer handling the HUD loans to get a clear understanding of the terms, especially regarding interest, payments, and any special conditions tied to these loans.Consult a Real Estate AttorneyGiven the complexity of dealing with multiple HUD loans and the potential implications for your “subject to” deal, consulting a real estate attorney or a knowledgeable real estate professional is highly recommended.

Reach out to your attorney to review the leases to see if anything needs done. 

In most cases, neither is warranted.Warning: I am not an attorney, and this can be a complicated topic.

In Hamilton County, Ohio, the banks will  not speak with you other than through their attorney if there is a foreclosure or their realtor if the home has been recovered by deed in lieu of foreclosure.

I don't have personal experience with this kind of land trust but since you're in CO I have a personal recommendation of a real estate attorney here in CO who has helped me with seller finance deals and is very responsive and has been great to work with in general - Jeromy Geraghty - https://www.geraghtylawoffice.com/

To mitigate these risks, you should inspect the property thoroughly, hire a professional inspector, consult a real estate attorney, negotiate with the seller, and offer concessions.

I just sent it over to my attorney and will see if this applies to our situation.

While you are correct that you’ll be relying on your purchase of the replacement property to go through, there are a few strategies to use and language to add to the PSA to try and keep a seller honest and protect you as buyer.The attorney negotiating the sale and purchase should hedge the risk snd build in flexibility on both ends.

Double check with your tax attorney on various tax implications.