He is a broker in Phoenix, NY and has the contract to list all HUD properties which are properties that have conveyed over from foreclosure.

About 50% of the states conduct tax sales were they convey title (tax deed states)  other 50% have auctions were they just auction a lien on the property (tax lien states). 

Credit histories are reviewed my mortgage lenders as one of the underwriting criteria in determining credit risk.creditorA person to whom money is owed.credit reportA report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness.credit repositoryAn organization that gathers, records, updates, and stores financial and public records information about the payment records of individuals who are being considered for credit.debtAn amount owed to another.deedThe legal document conveying title to a property.deed-in-lieuShort for "deed in lieu of foreclosure," this conveys title to the lender when the borrower is in default and wants to avoid foreclosure.

If the person seeking to transfer real estate with a quitclaim deed has no legal interest, nothing legally is conveyed.

Good, caring PM's exist that want owners to be successful while still making an honest dollar.I was with an attorney for a very large flat fee ($75.00 per month) PM firm one day and he was proud to convey that the average gross per door was $250 per month and the average tenant duration was 8 months. $75.00 per month is clearly total BS marketing and if I had an 8 month tenant duration I would be pissed as an owner.I take great pride in the service we provide with only 2 fee's to owners, a lease up fee and a % per month.

Typically, the same applies to LLCs where you and your spouse are sole members.Actual Lenders Title Insurance states;CONTINUATION OF INSURANCEThe coverage of this policy shall continue in force as of Date of Policy in favor of an Insured after acquisition of the Title by an Insured or after conveyance by an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title.

I like seller financing when ownership is conveyed day 1. 

Now you want to sell the property but convey the lease option too? 

Either way, they would have to be paid to convey clear title. 

Now according to the FEMA FIRM, this ditch and the land adjacent (the 2 houses described above) are in the 100-year floodplain (which i think is ridiculous bc we've had several floods exceeding the 100-year in my life and it has never over-topped...there are steep embankments on either side that help with flood conveyance).So, the neighbor is looking to sell off market and has given me the chance to offer.