Posted by chandlerazguy on May 10, 2006 at 23:02:09:
As far as taxes and insurance, that will go throug the title company, but most likely, the buyer will pay them seperate. As far as the orig note being called due, that rarely happens as long as the payments stay current. Lenders want to lend money - not own houses. But if the owner is planning to hold the property for more than a few months - then have them form a land trust. Do some searches on subject to and land trusts. Good Luck!