This is too funny...I just found myself crunching the numbers on a unit in my neighborhood that is almost identical to the one he mentioned.

The extra amount also comes in handy near closing time where title insurance, liens or other issues may come up.

In order for your deal to even work, you should be submitting the fee on the first HUD1 and have the seller sign a fee agreement because this will be needed to collect your money from the title company.If you go A to C, then make the fee agreement have an option so the buyer will pay the fee.Lastly, have an agent on your time that is willing to pay the fee in lieu of the lender and buyer.This is how I handle the above and I usually get paid.

Is that legal since I wouldn't actually have the title even though title wouldn't transfer right away. 2.

...With that restriction, you do not have marketable title until it expires.

That way the title won't change, then you can plan your exit strategy.

I have enjoyed this thread tremendously - especially the subtle back & forth humor.But, I take the title of the thread a little differently than most whom have already posted.

I believe the idea of holding the deed in escrow would fall apart when the lender got a preliminary title report and the person on the deed didn't show up as the owner.donrock

My current title company is losing affiliates left and right.

California Foreclosure ProcedureJudicial Foreclosure Available: Yes Non-judicial Foreclosure Available: Yes Non-judicial Sale Typically, a title insurance company is named as the trustee to arrange the sale of the real estate.