(This is what I use in California) The concept is to keep the fact that the property has been transferred private.The sales transaction remains unrecorded i.e. the deed is not recorded or the contract of sale or the financing agreement.The transaction is maintained in the records of a settlement /escrow management companyEnough documentation is recorded to protect the seller and buyer in the chain of title without making the fact that the property was transferred public record Existing loans, taxes, insurance are paid by the buyer into a collection account, which in turn pays all the accounts required to service the propertyRecording a deed or contract is not required in most states to make a valid transferNot disclosing the new sale to the underlying lender is not illegal in most statesKeeping the transfer from the lender is not a crime or against the law.

A title seach and/or policy is done during the transfer back to HUD as well as a title commitment/search done by the closing company.

She was able to quit her job, then we took her 401K transferred it into the newly created 401K from Guidant, and then bought more real estate with those funds.

It's in extremely rough condition, but could be a decent cash-flow property if done correctly.The problem as I see it that the property currently has 4300 in back taxes.The lady selling the property now is listed as the owner on the auditor's website, but says she never transfered the deed into her name and didn't knwo there was back taxes when she bought it, and didn't pay taxes on the property while she attempted to repair it.I'm not sure how this situation goes forward.

This is an estate planning measure to reduce taxes and facilitate an easy property transfer in the event of a death.Also, on REO properties, 99.9% of banks will not accept offers on these properties until they are listed with a real estate agent.

I sure would like to hear about them.I have had a couple of interesting ones but luckily they were resolved simpler and faster... on one of our fix and flips we got a squatter who moved into our house after we finished the remodel with her friends, when we found out we called the cops and when these showed up, we took out our Grant Deed only to be countered with a Deed recorded for real by which the squatter transferred the property from her to her... yes, she deeded the property to herself... luckily the cops in this case just told her to move out or they would take them all to jail, they did take off and never came back, when we sold the property the title company just removed that deed...

Hello,I'm Lulu, a total newbie, kind of got forced into this as the market crashed and we couldn't sell the house for a profit and my SO got transferred to a job 80 miles south of where we were living.

We were told their goal is to work through most of the transfers occurring once they are staffed up.

No pun intended.Now that you re-read your posts, that's a conservative approach, but it will incur a city & county transfer tax on 50% of the ownership from the private lender/partner to Zac.

Also, these better rates are usually accompanied with larger "junk fees" (processing, appraisal, transfer, etc) and especially when using some of the very large LTV loans.