Technically, or more specifically, legally, you could do a "subject to" or "wrap", though they are not as common as in the U.S.A. for a couple of reasons:As with a land contract/CFD or instalment sale, the transaction will undoubtedly give the mortgagee (if using a conventional lender) the right to invoke the due on sale clause of the mortgage subscription and accelerate payment of the note.  

After I started all over and learned these aspects, it was like a light going off, everything fell into place, every type of transaction could then be organized and set in a logical order to address any opportunity I bumped into, you can then see if certain circumstances exist you move this direction.

We have had numerous clients going through 1031 Exchanges in order to qualify for purchase money loans (as opposed to cash-out refinance transactions) or to consolidate a number of properties into one larger property in order to reduce the number of outstanding loans.

We have employed this attorney for over 100 of our NPL / foreclosure transactions. 

You can also be doing him a favor having the matter corrected now instead of later on when he gets involved in a closed transaction with other issues, where he could lose his license and be hammered with fines or damages.

Once it's signed you'll want to take it to a title company and open escrow on the transaction.

I promised they will save you much more in taxes than what they will charge you in fees to set it up the transaction properly to get you the best tax treatment, Hope this helps, good luck!

These types of transactions have a very high mortality rate when you sell to bad credit homeowners.. ( think Sub Prime) you place the seller in jeopardy not of their own making. 

Put yourself down as a lien holder but don't finance any transaction, if the rents aren't paid the revisionary agreement allows you to buy back the interest and retitle it.

It can be a pretty quick transaction, since their is no underwriting, qualifying or closing.