Two choices.

You have a couple of choices.

It need eds to be the homeowners choice as to which way to go.

It's our choice but we are starting a rent to own rehab in a 1 hr away from Atlanta small town where good "people" want to live.

It's a personal choice and I respect how others decided to get into the business and expected the same respect in return.

Let him know you want to be mutually beneficial and you're not just a leech.

That's owners choice and timeframe.

@Adam Demchik I would think the choice of custodian will depend on what you actually want to do with the funds.

That way if one goes bad, you have the choice to default the other one.

As to the original post (OP), suggest you reverse engineer a few properties to see the sequence of acquisition of title, encumbrance by trust deed or mortgage, trustees deed upon sale or court order, etc.Right off the bat you'll see that there's a difference with trust vestings used to identify the beneficial interest of a securitized mortgage, as opposed to an estate planning instrument or investor using a title holding trust.