Buying Notes is complicated in understanding the due diligence aspects, the legal ramifications, the options, the rights you have as a note holder and bringing loans back to life after death, buying notes is an easy process, easier than buying a property at settlement, it's getting to settlement.

My total out of pocket expense would be $13K + $5K + $11K (settlement expenses) = $29K.

Originally Wells Fargo added the buyer's premium into the loan until the settlement company found this at the last second and removed it from the loan amount.  

The fees can be negotiated with the attorney, the outstanding original balance, if you are demanding a settlement lower than that, will need to be passed on to the board for final approval.

(This is what I use in California) The concept is to keep the fact that the property has been transferred private.The sales transaction remains unrecorded i.e. the deed is not recorded or the contract of sale or the financing agreement.The transaction is maintained in the records of a settlement /escrow management companyEnough documentation is recorded to protect the seller and buyer in the chain of title without making the fact that the property was transferred public record Existing loans, taxes, insurance are paid by the buyer into a collection account, which in turn pays all the accounts required to service the propertyRecording a deed or contract is not required in most states to make a valid transferNot disclosing the new sale to the underlying lender is not illegal in most statesKeeping the transfer from the lender is not a crime or against the law.

You buy CFDs the same way you buy a note and deed of trust but the settlement is different as you need to buy the property to convey good title.As to Bill's comments, the Dodd Frank Act also takes in loan servicing, which a contract for deed as an installment contract will be included just as a mortgage.

A lease, you don't need to do anything, if you get an option, you'll want to file a notice of option, not the option itself, a title company might help you with drafting that.A sale contract, just take it to a title company and set up a closing.Doesn't sound like you have an legal issues, it's pretty simple, the title company does the paper work and settlement. :)

Dion is correct but you can buy on a contract, show your funds to purchase, letter of explanation can be simple, dad wants to sell, I want to buy.Then, after settlement your dad can gift money to whomever he wants to, nothing wrong with that among closely related family members.

Default and Attorney's Fees: If Buyer defaults on this agreement, all deposits will be retained by the Seller as full settlement of any claim, where upon Buyer and Seller will be relieved of all obligations under this agreement.

About 6 months ago when I recieved a settlement for an injury, I began to research what types of investments would be right for me.