You could use the operating agreement to set up ownership percentages.   

However, irrelevant of title insurance this situation shouldn't take long to resolve.One way is for the Trustee to receive an order from the Bk Court authorizing the sale of the property free and clear of all claims of creditors and the lenders claims are transferred to the proceeds and the two battle it out after the sale.Even if the property isn't sold before the lender's claims are adjudicated, it shouldn't take long to resolve the issue since the Trustee is considered to be a Bona Fide Purchaser without knowledge of any non- record interests. 

It has a had a FIFA Transferred/Sold status on the tax assessor website since 2018.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

The current is trying to work with HUD to get the section 8 status transferred to another building so he can increase rents and get better tenants.

The current is trying to work with HUD to get the section 8 status transferred to another building so he can increase rents and get better tenants.

I wish people would use the search function because this exact question is asked several times a day.The existing contract transfers with the sale and you cannot change the terms of that contract.

We financed a medical office building and the borrower filed multiple bankruptcies, switching ownership interests, etc.

After research, I found that the lease agreement would transfer over to me when the closing happens next week. 

Tenant wants me to "commit" to her for sale, but I don't want to transfer deed now/deal with qualified intermediary issues.