If you do a deal once, assigning contracts it's not an issue, if someone is running around and doing the 15th deal (example) they pull the facilitating phrase out to be applied.I agree that you are selling an option contract and not the dirt, but you might consider viewing it as facilitating the ultimate sale by using a method that is being implemented consistently with the expectation is to ultimately transfer title.You might also look at "net listing" issues, not saying it applies, but agents have to ensure they are not engaging in some method or systematic contractual transaction that nets a fee for services or facilitates a sale above the price received by the seller.

I tell the usually line, " if I pay the closing cost, transfer tax, and you don't have to pay realtors fee and etc, what is your bottom line?"

If I'm still in KC next month I will definitely attempt to be there, barring the day job doesn't get in the way...waiting to see if I get a job transfer to the Atlanta area.I will let y'all know either way!

Obviously he used lease purchase methods because a regular "sale" with a deed transfer wouldn't have made it past any cursory title search review, as there were still active foreclosure cases on the properties.

In some areas, properties are automatically reassessed at the new purchase price and/or the recent transfer allows the assessor to reassess.

Transferring a property to an LLC is common practice now a days and doesn't effect their rights given in the mortgage at all.

If you see this and they haven't moved, then you know you have a problem with a tenant but at least pipes aren't bursting.If you as landlord have the automatic transfer, the utilities go into your name if the tenant calls to shut them off.

Haven't posted much because I've been able to find just about everything I need on the site already.Here's my situation - and I can't seem to find anyone posting a similar issue previously.Sale price: $98KSeller agrees to pay 2% of closing costs: $1960Seller agrees to pay my half of transfer tax (1%): $980Total credits from seller: $2940Net price after credits: $95KI ended up for the first time in a situation where we didn't get the HUD-1 the day before (I have purchased/refinanced my own homes several times over the years and always had it at least the night before).

BUT it really is just an internal transfer to a long term liability and never shows up on your P&L statement.

Can't even transfer funds and account for it in 20 minutes, much less raise it.