Joe and Alex provide valuable insight in the process of finding motivated sellers, locking up a deal, and selling or transferring to an end buyer for a fee.

Fast forward a copule years, now they are in a huge budget deficit and requesting tax increases on everythingbfrom sales tax to property transfer tax.

Assuming he owns the property through a corporation (if not it's easy enough to set one up and transfer title to it).

Part of Sam’s paperwork is an assignment agreement that transfers the Note and DOT to “Lupe Santiago, a California S-Corporation” at the close of escrow.

And in Phila the transfer tax is about 4% of value transferred.

Best option is to purchase it under personal credit and transfer the title to the LLC.

Lender may require immediate payment in full of all sums secured by this Security Instrument if:(i) A Borrower dies and the Property is not the principal residence of at least one surviving Borrower; or (ii) All of a Borrower's title in the Property (or his or her beneficial interest in a trust owning all or part of the Property) is sold or otherwise transferred an no other Borrower retains (a) title to the Property in fee simple, (b) a leasehold under a lease for less than 99 years which is renewable or a lease having a remaining period of not less than 50 years beyond the date of the 100th birthday of the youngest Borrower, or (c) a life estate in the Property (or a beneficial interest in a trust with such an interest in the Property).

I actually transfer the title into the new owner's name and list my company as the lienholder.

However, if they're not paying because they simply don't have the money, then it's obviously not going to be spending after all.Personally, I do believe that the economic crisis has been fairly effective camouflage for the greatest transfer of wealth in our history - not just in the US but worldwide, leading in to virtual economic slavery to come for the majority of the world population

If you do take out another loan and payoff other debt, it will have little impact as you are simply transferring debt, but don't do it too often, because that can be seen as restructuring your finances and that's what many do before they take bankruptcy!