If you think you will go FHA, 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

Creative things buyers can do to purchase a home1. gift funding2. selling and refinancing existing assets3. non-occupant co-borrowers4. using a 401(k)5. temporary IRA transfer6. pledged asset mortgage7. equity transfer and bridge loan8. employer assisted mortgage3.

This way, the bank only sees that you transferred the deed into the trust, which will not usually trigger the note acceleration.

We required her to pay us via electronic transfer and have practiced the timing of it with her from her application fee and initial deposit.

Interest 4.5%, 30 year fixed Home price $680,000 Our origination fees $1,790.00 Flood Certificate $25.00 Prepaid Intrest 15 days $1,006.03 Title services & lender title ins $850.00 Pre paid finnance charges Appraisal fee $550.00 Compiance inspection (if applicable) $150.00 First year home owners insurance $1,800.00 Home owners insurance 2 months@ $150 $300.00 Taxes 3 months @ $416.67 per month $1,250.00 Title services and lenders title insurance Lenders title ins $677.00 Departamental charges $475.00 Bankruptcy & company charges $185.00 Endorsements $350.00 Escro service fee / contin $300.00 Owners title insurance $2,749.00 Recording fees $550.00 Transfer taxes $12,410.00 State tax/Stamp $10,472.00 Survey $500.00 $36,389.04 total cost $716,389.04

Foundation repair runs around 125-175/pier in Houston with the majority of companies offering lifetime transferable warranties.

Yes, for income taxes, but any sales tax or transfer tax can be on the total value of the deal.

So, you'll likely need to tell the two of them to work it out between themselves and that you will transfer the full existing deposit from the old lease to the new one.

Like I said earlier, it is not going exactly the way I had envisioned it would with the transfer of documents.

This would mean transferring the property to the new entity.