Don't just read that as a conveyance to a trust being an exemption, the trust conveyance is in connection with an estate planning matter and personal asset protection, using a trust to facilitate a transaction is not exempt, but generally harder to identify.

Originally posted by Bill Gulley:...Your title insurance is an insured closing, meaning the title insurance covers errors and omissions in the closing and settlement according to the contract as agreed, if they don't get the contract they can't ensure terms were met and they won't insure any error in missing something not disclosed.Title insurance only insures you have marketable title and that the document conveying title accurately lists all exceptions to that marketable title.Title insurance does not insure the closing, at all, in any way.Hence the name...

The EMD could always be specified to be conveyed a t a later date but before the closing.

After you have a good understanding of what RE is, why it's valuable, what rights in and to RE there are, how those rights are conveyed, how to assess value, what is legal, what liabilities you have in any deal, how to contract and how to use different methods in buying or selling.......then you are ready to read some guru book for ideas in marketing or some strategy, as you will then be able to pick out the BS and what is not accpetable in your state and keep yourself out of trouble.

If I remember correctly, this contradicts what I learned in my real estate classes -- while an unrecorded deed may not protect against third-party claims, the deed itself still defines a legal conveyance of title/ownership.

Besides, you'd be better off using a note and deed of trust, not a rent-to-own or CFD. purchasing is more difficult for any note buyer, as Dawn mentioned, many will only buy payments as the contract has to go back to you to convey the property, otherwise they are buying the property subject-to and conveying title, few would do that.There are some who will purchase lease payments assigned, if it leases for 500 you might get a better deal doing several assignments of rents, but that would likely be small dollars in this property.

There might be a better way to convey the property.

So, the total amount of baggage that gets to the end is divided between what the fair market rent is on that date and the remaining amount which is then credited toward the ownership rights to be conveyed.

An option conveys an equitable interest.Tenants can cut grass, clean, do you really want them changing a HVAC filter and putting it in backwards?

A good reason to join or establish a landlord organization and to lobby and sue when appropriate.Sounds like properties might be placed under a contract for deed for conveyance in three years, it's not a sale and it's not a lease. :)