The act of the transfer is a breach of contract and only cause for the loan to be acceleratedI suggest you not even get into Contract For Deeds, that will just blown off this site.I'll be discussing basic approaches for buying real estate creatively.Some good and some not so good.Later I'll discuss the pros and cons of the best creative financing methods so you can determine which to use for your particular situationLand ContractsOptions, Leases, Options to purchaseAITD's (All inclusive trust deeds or wraps)Seller carry back deeds of trusts/mortgagesTaking subject to the existing financingNot recording the deed, which is dangerous if not properly protectedRecording a memorandum of agreement Trusts:Transfer the property to the sellers trust, get the bank to approve the transfer and then have the beneficiary of the sellers trust changed to the buyer.Just transferring title into the buyers name hoping the lender won't call the loan.Equity shareBill Gulley againCFD's are rather dead as there are recent issues with circumventing foreclosure laws and rights of redemption by filing a deed in lieu of foreclosure upon default.

The LMO will have the last word actually, they can have the note or an attorney can write it, but the LMO approves it.One of the clarifications that came out was that attorneys can originate a loan in the course of providing legal services, such as selling a property in a Trust they manage for a client, but if they get in the business of originations they need to be a LMO as well.Typical ?

I speculate that is because they don't want future liability from a client who declines title insurance and has a future problem.Also HUD will not allow a closing to occur at an closing agent who is not on their approved list, which requires current licensing and errors and ommsions insurance.

That’s a year of consulting, communication and coordination of all the bank approved parties and numbers, project due diligence, auditing, inspecting construction, and results monitoring, though property management rental and leasing and keeping everybody happy!

They have been responsive to my few requests, but I set up an IRA LLC, so I don't have any involvement with them at this point other than the $40 or so quarterly fee.I had to go back and forth with them some on the form of my LLC operating agreement, so if you want a copy of the agreement they've approved (saving yourself the exorbitant $5,000 or so fee that the attorneys that do this sort of thing charge), send me a PM.

When the Trustee(s) sell Real properties, it is subject to the approval of the court.

I do plan on pursuing any and all code violations that his father has but not until after I get my subdivision approved.

Not looking at any major maintenance issues coming up, but I am in beginning phases of the deal and haven't completed a thorough due diligence yet. waiting on my loan approval from the bank before I do a hardcore inspection(have a credit issue where exwife supposed to pay something and didn't and they wont remove my name).

We have have a few short sales this year where the approvals took so long that by the time the approvals were ready the market corrected and the properties were no longer short.Our market ( S.Calif ) is recovering fast and the need for short sales now are much fewer but still an option for some sellers.

It is a bank approved short sale, supposed chase is ok with the sale.