Posted by Nate(DC) on March 23, 2002 at 24:12:05:
Your instincts are correct. The seller (CFD vendee) cannot convey the property because they do not have legal title. You would need to approach the CFD vendor and either assume the CFD or have them draft a new one with you. You do not need, or want a deed from the seller/vendee because they do not have legal title and a deed from them would have no effect. It’s like if I gave you a deed to that particular property. On record, I don’t own it, and neither do they.