If a quit claim is used some title companies will not write a title policy for a subsequent deal.

Many of the cases I have seen show a 1st at 82% or higher and almost zero for the holders of the junior liens.I will stop here.

They might not even care to deal with signing it over for zero cash.

., lender (traditional) approves end buyer for x amount, but they do not typically like to lend or approve a "land trust".....in addition, the lender would be requiring title insurance and a lender's policy...but, this could not happen via a land trust.i hope i explained this clearly......please correct me [anyone] if i am not thinking straight.....

I did however also include a guesstimate HUD statement (with Prelimary largely written on the top), enough to show some of the various numbers and of course mainly to show the seller netting ZERO.

Contact a title company and see if they would offer a title insurance policy for the property.

That's what the title insurance policy is all about.

ThanksYour deal should be clear in the sales contract that you are getting clear title.You also should speak with the escrow agent closing the deal and make sure you are buying an owner's policy if you want to know you have title insurance.

Divide the costs by the savings and you should get the numbers of months it will take before you are back to zero.

Disclosing whether or not you own the property is a common courtesy as some contractors have a policy of not bidding work for people who don't own the property.