Or rather, where does the deposit go to if the title company is holding it from the 1st side HUD to the 2nd side HUD?

You need to have an investor friendly agent and broker, accountant, property management, attorney, title company, etc.

No, you don't need a License to buy real estate, take title, then sell it.

or is it just attorneys fees and title insurance?

Scott are both great as well as the other titles in the BP library.Spend some time searching the forums for topics of interest as many questions have been asked and answered numerous times.  

I see the HML put into title rate and term refi coming back.. since I got scorched with that model I would never personally do that again. 

Title company is waiting for those number to prepare closing contract.

Thank you Chad,yes, we did the title search before auction. how title company work with property like this?

I'd be using the auction service purely for access to the data and having them check title.

Then, me taking title to your property in a trust while leaving your loan in place and giving you nothing but $100 for the deed and a pat on the back with a "Better luck next time."