If I understand right, I make a contract with the owner that gives me ownership of the house but obligates me to make payments for the loan outstanding- but the loan stays in their name for the duration, right?

Amazing contractor I have to pay it forward to for all his and his teams work on my properties. JR. Restorations is the company I have used for years for my properties.

Family owned, great pricing, great time manag...

A signatory to the lease has all the rights of a tenant, including right of access/quiet enjoyment, a guarantor has the right to know if their charge is in financial default and the obligation to pay any outstanding amounts.  

Outstanding!

Bedfordwww.bedfordoh.govInterior POS: YesExterior POS: YesInspection Fee: Varies from $50 for single-family dwelling plus $25 for each additional rental unit; Commercial buildings are minimum of $75 and maximum of $200 Re-inspection Fee: Same as original FeesEscrow: An amount not less than $100 and equal to 150% of the estimated cost of repairs for outstanding violations.Estimate must be provided by a company registered with the City of Bedford.Bedford Heightswww.bedfordheights.govInterior POS: YesExterior POS: YesInspection Fee: $125.Re-inspection Fee: N/ABereawww.bereaohio.govInterior POS: NoExterior POS: YesInspection Fee: $75Re-inspection Fee: $75.Escrow: At the request of the owner of the property or his agent, the City may issue a letter or other document signed and dated by a Building Department Official stating that some, but not all, of the violations listed on a specific Certificate of Exterior Inspection have been completed to the City

BiggerPockets is outstanding!

Contract to convey title once certain contract terms are satisfied.So, in the above scenario, the bank is holding the title and has an outstanding note for $15,000.

A partial payment is one that does not pay in full their outstanding amount.

We were made aware of BP by way of a video we watched on GAREIA website and think it is an outstanding community. 

The other issue is that a buyer of a business entity takes on a risk of the company's position after it was formed, was the company in compliance, are there any liens, any outstanding contracts was the company properly funded to buy, while it sounds simple, it's not so simple and I wouldn't buy an existing company without due diligence which could take a week or two.