Effective Date: 10-06-1980 5313.09 Instrument of cancellation of land contract.A judgment for the vendor shall operate to cancel the land installment contract as of a date to be specified by the court.

Once you have sold the property the owner carry becomes a debt instrument and is not eligible for a 1031 exchange on it's own.However there is a way to still combine the owner carry note with a 1031 exchange.  

Let's clean up this terminology.A Mortgagee is on title since they are granted, through the security instrument (mortgage, deed of trust) an interest in the real property.  

@Cynthia Scaife,@Rob Beland,Aaron T.As a professional investor, I do not believe in banks or hml ( hard money lenders )As a professional experience, I've Never as an instrument vessel to obtain property's.

Even in "Title Theory" states, where the security instrument is a Deed of Trust the foreclosure can still be judicial.  

The purchase and sale agreements the assignment of contracts, you know the vital legal instruments needed in the transaction of real estate.

"Mortgage" is the security instrument used in ALL those loan transactions.  

Claude is one of our personal mentors/coaches for strategic selling and creative real estate, and has been instrumental in helping us enhance both our skills and mindset for success, and standing apart from other real estate professionals in our marketplace.

If despite explaining your criteria you keep processing unqualified applicants then (just like if you are an employer and keep getting unsuitable resumes) something you are doing isn't working and I believe one can do better than shrugging because you've charged  a non-refundable fee. 

Is a signed note good enough, or do we need to record it as a security instrument with the county every time?