rg200

are there any other types on Leins that you can use to accomplish the same thing?(ie: a mechanics Lein ) Or would you be able to use a promissory note attached to the house? Ron

Ok this is the thing with assignment fees. There is a cap on what you can charge for them. At least that is what I am told. Adam that would be great if you would talk to your team and share you insight on the topic. I am trying to think of a way to use a trust to show I have had interest in the property for atleast a year. I am still working on that one. Ron

Hi Adam, A Typical stituation would be I do a sandwich l/o. When I go to cash the TB out the mortage company he is using want 12 months of seasoning of title. This is becoming more and more common. Soon it will be harder to find any who will do this. I am trying to figure out a way to structure the deal so some how I would be on title for a 12 month period so this wont be an issue.

Has anyone come up with a way to avoid the title seasoning issues? ( ie: land trust, memorandam option etc.......) There must be a way. In michigan the banks are starting to have real problems with title seasoning. Thanks in advance. Ron

Put the house in a land trust and than L/O from the land trust. That is the only way I would do it.