Posted by Bud Branstetter on October 29, 1998 at 17:14:58:
Dec. 15 1989 was the cutoff date. Read the mortgage to be sure. Unless you can type the deed yourself and get it right pay an attorney to do it. If there is a due on sale clause in a mortgage one alternative is to put the title into a land trust. Bill Bronchick has a course sold here that can do it.
While you can equity share in the land trust I would recommend you get an equity share agreement to define each parties rights and responsibilities. The cost are worth it to get title insurance and close it right. Costs for land trusts, title insurance(you portion only) $1500 but is only a guess because title insurance is based on amount insured.