There is like $5k in repairs.The deal works for me if I could buy the note somewhere around $30k.Then the deal would look like this:$30k (HELOC settlement)$10k (seller)$5k (repairs)============$45k total costMy questions are:a) Has anybody experience dealing with USBank?

@Nancy Lamar a title company or Escrow company should handle the "Settlement" of the property.

Sounds like a bit of work and expense (membership interest purchase and sale agreement plus future fees to the corporations division) to hide what is likely a modest assignment fee on the buyer's side of the settlement statement. 

Maybe PT’s employer was an abusive dirtbag, and PT received a lump sum settlement from said hypothetical employer.

Settlement offer came from them! 

The issue is that if it's customary that the buyer pays for the search, you'd have to do a search for settlement and another by your title coverage company for your policy.Regardless of local custom, if you stipulate in your contract who will pay for what and where closing will be conducted, that can be agreed to.As a buyer, I should be aware of local custom and any listing requirements before I make any offer.

The borrower(s) may have initially purchased the property as one of the following: a natural person; an eligible inter vivos revocable trust, when the borrower is both the individual establishing the trust and the beneficiary of the trust; an eligible land trust when the borrower is the beneficiary of the land trust; or an LLC or partnership in which the borrower(s) have an individual or joint ownership of 100% The original purchase transaction is documented by a HUD-1 Settlement Statement, which confirms that no mortgage financing was used to obtain the subject property.

Since you are legally a part owner of the real property you are entitled to proceeds from settlement.  

Definition of Foreclosure: Any 120 day mortgage late within the last 24 months, any notice of default or settlement on a real estate secured trade line (short sale), any deed-in-lieu or forbearance agreements.

Hello everyone, I am planning to sell my two rental properties to the current tenants under an installment sale agreement/contract for deed.  I have never done this and need a referral for an attorney that can handle ...