Of course, get all the documents that go with putting a property in a land trust: the deed, the trust document that does NOT get filed, limited power of attorney, release of information authorization, assignment of beneficial interest, and most importantly get the sellers NEW address and their phone number in case you need to contact them in the future.C I have never used a servicing company to accept payments for my properties, but then again, I dont have that many.

This very well could have been caused by the warmth of spring, but gave us a couple months release from the smoke.About 3 weeks ago this tenant fell in her apartment and broke her hip.

If you think you can rent to a tenant as soon as his current agreement is up, do not extend,  Even if you extended him at market rate you will likely see you will lose in the trade off.    

Hi Jackie@Jackie CampbellI do a lot of theseI lease option from sellerThen have the buyer pay a option release fee to release my optionCleaner than a direct assignment fee

From affidavit of heirships to releases, etc., you'll find that one of the best tools in your pocket is a good title company.

The difference I've noticed is that when I do a cash out refinance, the closing happens at a title company but when I do an equity loan or line of credit, the closing either happens online or at the bank or credit union extending me the credit.  

But what if things go wrong: market suddenly crashes again like 2008, natural disaster that's not fully covered by insurance, extended eviction and damage, etc. 

Our closing date at this time is technically extended pending my request for a certificate of occupancy when I found out that there were no work permits of record from the building inspection department.

Yeah Bernie, unfortunately after no one bids on it and it reverts back to the bank, you just have to wait until they release it as an REO (real estate owned/bank owned.)

So, title is passed "subject to" the liens being released by the lien holder.Generally, the grantor uses a Special Warranty Deed to convey title, warranting title just with a General Warranty Deed excepting out warranty as to the lien remaining.Such transaction violate the alienation clause in a mortgage, no real gray area about it as it's defined in federal law.