When we do a wrap around Contract for Deed, here in Il, we do not get title insurance for our buyer until the DEED IS DELIVERED and that is at the time the buyer completely pays off the contract either with cash or a refi.
If all else fails try contacting Wells and tell them this is your only option other than getting behind and/or possible losing it(if that is the case). Banks right now are allowing this type of transaction due to the market and you might get a pleasant surprise by them saying yes they will allow it. Good luck
I would love to hear how you did your short sales. Greatly appreicate it if u could provide us with your short sales transaction experiences. How do you do you financing for your closing transaction? Do you get your private lenders to fund your deals? Where do you get your distressed properties from? from the court house? :help
Would really appreciate your assistance with this. :smile
Thanks and looking forward to hearing from you,
ruukie
Since it’s already in a trust why don’t you do an assignment of beneficial interest? Also, do check with Land America in Dallas, they have some great investor friendly people there.