Deed Tranfer Question

At what point during a lease option deal do you take over the deed. Do you have it signed over to yourself when you take occupancy of the house or do you have it signed over to the tenant buyer when the deal closes on the back end?

Comments(1)

  • loanwizard5th September, 2003

    Deed transfer typically takes place when the home is paid for at the end, although it wouln't hurt to have the deed put in escrow to eliminate shenanigans on either party.
    [addsig]

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