;and (E) That the L.L.C. is currently in existence and has not been dissolved as a result of the death, bankruptcy, or dissolution of a member, or the transfer or termination of a member’s interest.

when buying real estate with subject to / wrap around mortgages how is the investor or home owner protected from each other after the deed is transfered.

@Ned Carey the rents are being compared to places that do not have utilities included, so raising rents might be an option, but to completely transfer all the utility costs back to the tenants, we would need to raise the rents on average $300 per unit or about 40%.

Not really, the taking of a security interest includes deferring the transfer of title subject to completing the terms of any financing agreement.

There are a couple different techniques in which you transfer the ownership (Warranty deed or Land trust, many threads on BP about this strategy).

Because I dont understand exactly how it works (thats what attorneys and title companies are for, and I havent done this yet) I am hoping someone can explain it to me as if I was her.As I understand it...We go to closing, everything is done by a third party closing agent, title is transfered into my name, and seller is given a deed in first position for 110,000.

I don't know the laws in VA, but I'd suspect that the tenants current leases would be null and void with the transfer of ownership.

This is really the best way to transfer risk for brokerage operations or larger transaction.

Was title officially transferred to the children, or does it still need to go through probate?

I'm looking into transferring title to ourselves, and keeping the property under an umbrella (to limit our exposure) but not sure if I can, and of course the bank could always call the loan.I've talked to a few banks on equity loans and/or line of credit.