BK doesn't transfer title the bank, they still have to foreclose.

Typical closing costs for a seller are as follows:Deed preparation and recording typically $200-300 Transfer tax (doc stamps)$50 or so for closing attorney/title company  to get your mortgage payoff plus wire transfer fees to actually pay it off You may want your lawyer to review everything but not necessary.As far as a title company that is a state by state requirement. 

Realty Trac has been sound in my investment experience; however I'd caution you not to get lost in the data but focus on your personal strategy, I know people who made alot of money during the real estate dip, vice versa, I know people who have lost alot of money during this incline.

Does the bank proceed like a normal foreclosure and send a NOD to the seller who still is on the loan even though title has transferred?

The letter needs to say the form of the adverse action, where the data is coming from, that the screening company was not involved in making the decision, and how they can dispute and get a copy of their report.

Transferring property to a trust tends not to trigger payments due to creditors.Although you very well might be able to transfer title without the liens coming due, depends on the specific Philly laws

I don’t have to warn you about paying up-front fees or providing personal credit data to strangers do I?

For instance, we took out a 3.5% down payment FHA loan for a condo when we transferred for employment, allowing us a larger, nicer place for $100s less per month than we were paying for our tiny apartment nearby.  

Those skills transferred over into the real estate world. 

@John P.The owner's policy you received at the time of purchase cannot be transferred to the next purchaser...a new policy would need to be purchased IF the buyer desires such coverage.