Just curious- how did you verify this guy's identity as a "bank representative"?

If you want better protection, you could make the payments directly to the mortgage company, assuming they're agreeable to the amount of their mortgage being the amount you will pay.If they will agree to add you on the title, that's even better.

So, am not a noobie w/ SFR, but w/ MH, is there a title, much like a car?

Perhaps I should call my Title Company.

I would figure out how to sell the property without taking title, so that the title can change hands from the family directly to the end buyer, that way you do not have to "prove" anything.There are a couple ways to do this (I am sure other BP members can chime in with other ways), but here is how I would do it.You get an option on the condo in the next 90 days.

The seller transfers title into a land trust, with himself as beneficiary.

My E&O coverage does not cover me for a lease option deal.This all came about because the attroney general of Texas was getting so many complaints regarding contract-for-deed transactions.The legislature put the brakes on lease options along with contract-for-deeds.Chris is correct,Title must transfer to the buyer in 180 days from date of contract.If not, you are left open to possible DPTA violation.

If the bank accepts, we have 48 hours to send them an Agreement of Sale.I'm offering all cash and I would really like to waive all contingencies to make the decision easier for the bank, but the one thing that I'm stuck on is the title.

Well, the title pretty much says it all.

You will have to have all parties on title to do it.