Lee:Once upon a time that was a practice used - mostly with commercial real estate - to be able to sell a property along with its current financing and to avoid transfer levies; property tax reassessments, etc.These days the due on sale wording used by lenders includes "change of control" in addition to change in ownership.  

That will be the nitty gritty of the loan terms, defaults etc etc..just like when you buy a house with a bank mortgage.As far as deeds, they are buying the house, so you transfer deed to them.  

Simple answerAtt'y calls buyer into office....after he prepares docs via terms we sent to att'y.....I charge the BUYER 500/closing cosr for att'y fees. upon buyer getting traditional financing...a normal closing occurs for property transfer via std title company.....Go get um!

However you do pay a slightly higher transfer tax on the properties.  

@Jordan Redar Yes, a property can have liens from previous owners, and is quite common in tax deeds where there were family member to family member transfers.  

When I converted the house to a rental property, I setup an LLC (I'm the sole owner) and transferred the deed to the LLC.

Long story short- this owner called that night and gave me this long sob story about his ex dying and the county screwing up the title transfer and all her medical bills he had to pay even though they were divorced, and more things I can't remember.

The property has a mortgage on it but I used a quit-claim-deed right after the purchase to transfer ownership to avoid any liability issues.

To be able to use the "fixed Cost " method, I need to know the fixed costs e.i closing cost, transfer fees, and everything else.

Needless to say, this is much more than I was planning to start with and don't have the finances for the $140,000 up front costs.The seller has offered to provide financing, but I'm yet unsure if they are willing to carry the entire note, but does want the freedom to transfer the note to another party.