The current owner has to provide permission (by signing on the instrument to add you to the title) but no waiting or anything.

Check with your mortgage broker to see what you may need to provide if you are on the deed... but I'm reasonably sure you will be asked to sign the security instrument (mortgage or deed of trust) since this appears to be a requirement in the Fannie Mae Selling Guide.

Nobody on this site can answer this question without seeing the actual instrument (and perhaps more).

The LLC could be the borrower and execute the Note, but the individual owner would need to execute the security instrument... in this case it would be an Indemnity Deed of Trust (IDOT).

I think you know it too, but you're still working on the sting of buying an unsuitable camera for the job with a $900 price tag.

You may find a dented one unsuitable for shipping but perfect for storage.

The first deed is unrecorded.Also, if you can prove (recording checks, intake sheet, copy of all submitted docs/instruments) that the deed is in queue with the recorder and you are simply waiting for it to be indexed and returned, and you have a title commitment in hand, this should be a non-issue. 

I had one gal that did nothing but split payments every month we usually had about 200 loans on the books at anyone time.In Oregon fractionalized loans are a security so you need the security docs.. which as stated is a whole nother level of pain.I liked the bank LOC the best although the PG is required.. so if thats a non starter for you.. check out if you can fractionalize the debt obligation.. and then have some very good language in your debt instruments about how you handle a foreclosure.. our bank LOCs as stated above were all 5 million and up.. we could go 75% ARV on our loans bank then would loan 80% of what we loaned..

Your excellent real estate agent may be instrumental in this.A final consideration:  if the floor guy is willing to back up the $4/sq ft refinishing bid (i.e. if he biffs it he'll make it right and eat the cost) that's one thing. 

Are there any lending instruments or banks that would finance a deal like this if I were stipulating it as a business deal, possibly forming an LLC?