One can transfer all or a portion of an IRA into a self-directed account.

Hello everyone, please somebody with a legal expertise or a guaranteed answer,

:violin:

I would like to get some info about assignments and whether they are legal. For example: I'd like to buy a home that's appra...

If they want to the first lien holder can legally foreclose at that point via the Due On Sale Clause, which states that if title is transferred the lienholder can accelerate the note and foreclose.

A sale transfers ownership and a previous owner has no right to follow through with any suit for eviction, they may seek damages of amounts owed as a debt, you'll need to start from scratch.

If I understand correctly this means that if I default, he doesn't even have to foreclose he can just file the for the deed to transfer to him.Now, what is stopping him from going and transferring the deed even without me defaulting (after I sign off on the Deed in Lieu)?

@Randy King,Buy in your personal name and then later transfer it into a land trust.Joe Gore

Is this a General Warrantee Deed transfer?

Can't finance property, transferring property into the LLC. and perceived lack of protection from a single person LLC.

You might be able to do transaction financing where they loan you money for anywhere from 1 to 30 days, but it depends on what type of retail buyer you're dealing with and what type of loan they're getting.Transaction financing is hard money but if it's the only way to get a clean transfer then it is what it is.Hope this helps.

With baseboard heat, at least you'll have some heat transference throughout the home.