But combined with wide-spread adoption, I believe it will invoke a genie-out-of-the-bottle approach which is something extremely common in tech.

If the initial lender allows one to be in title and not on the note, generally they still sign the deed of trust, but not everywhere so with the lender's consent your fine.A quit claim can be done for their interest, since a loan would be outstanding at the time C applies and funds the refi, a Special Warranty Deed should be used excepting out the existing loan they are on the hook for.

@NedCarey is extremely knowledgeable about that area - there are probably others here on BP that are too.

In most counties and Cook is an extreme example of this, auctions are dominated by very deep pocketed, very sophisticated investors.

Rent: $500 is slightly low in my market unless the land/home is extremely rural.

I have only seen these in my area with a bail bondsman as the lien holder; the crazy thing is that in PA we are a mortgage state, but the bail bond security instrument was a deed of trust!

Can you work in RE with bad credit, yes, but it is more difficult and it will limit your opportunities in many aspects of trying to do business.Are you good with people, can you approach a college professor and speak to him and gain his trust in what you are saying or do you have difficulties and only work orcommunicate well with just certain people, then do those certain peopleneed a property or own property to sell?

I own a home improvement business and being a general contractor, my time and that of my team is extremely valuable.

They are not destitute; at the same time, they are not extremely flush with cash.

We then evolved into trusts to hold the same as its easier to manage the holdings & (hopefully) eliminates future spousal/probate, privacy issues etc.