Ok. Her goes......... I have an agreement with a JV Partner on an existing home in Rockford, IL. My C/List ad (that I currently revised) suggested Owner will consider Financing with money down. The JV Partner doesn't want to finance, so I am actively looking for other homes that someone would do 12 to 24 L/Option Agreement. I actual have 2 potential buyers with about 2 to 3k as Option money available to make a deal work! I found a home with very similar qualities as the home my JV Partner home owns. I spoke with the "owner" of the home I am looking to take an Option on. (She wants all cash too, but so does everyone else!) I am CONSIDERING just putting together a NON-Exclusive option agreement together anyways, and presenting it to her. She said she has OWNED it for 35 or 40 years! My question here is Real Bizzare.... I went online to my county records office and i noticed (after some extensive Research) that the ownership of said home "changed" fromk her name to someone living up North of Rockford to Rockton, IL ( a town 15 miles N or Rockford). Anyways, the "homeowner" (I'll call her Mary Johnson) is still on Record as the Taxpayer for the Home, not the homeowner. Before I click over to the 2006 Records for this address, it says: Parcell ID # Parcell Location Owner's Name xx-yy-xyz-xxyy 1234 Anywhere Ave. "Green", Michelle B Trustee She probably put the home into a Trust for financial reasons or whatever. Are dealing with Trusts more difficult than a regular home owner, or do I just offer to buy the Home from the Trust, with the Owner of Record's name, "Green", Michelle B, Trustee? Or..... would I need the name of the "Trust" that Michelle "Green" has Trustee rights for? Any good suggestions welcome! Thanks! Bob
