Then you'll need to check for bankruptcies and federal liens, but I can't remember if those are available online without a paid subscription service.Or, you can talk to a title company about just doing an "O&E" report (Ownership & Encumbrance).

Seniors with 15+ year ownership is another target because they are often ready to downsize or transition to assistance.

And if you're  doing it yourself, what means are you using to make sure the title is clear of any leans and making sure that the transfer of ownership is a smooth process?

That said, I never heard of people who transfered the ownership to LLC and got asked to pay off the loan.

If he's a partner, you could both go on title and have it arranged to have a certain % of equitable ownership in the project.

This will likely be a flip project, and while the numbers are very strong, the first week of ownership has been nothing but headaches – we assumed a tenant who is proving to be difficult and the former owner left the property completely infested with fleas.

Putting all your eggs into business ownership, whether your own or the business of others, would be the way to go.

The bank won ownership of the property through a sub-trustee auction in one of the counties, and the sub-trustee subsequently recorded the property in that county.

When Michel started talking serious about real estate and he had some  experiences and skills I lacked, I asked about partnering and he was willing to give up some ownership.

when we have purchased occupied properties we send a letter to each resident letting them know of the transfer of ownership, new name and mailing address, contact info for maintenance/repair issues, and how rents are to be paid (mail, onlineu, etc).its good if the previous owner also participates with a notice of transfer but it’s not necessary.