Don, this was posted a loooong time ago. We don’t advocate any of that any more and I can pretty well assure you that if you do it, you will have one hell of a time getting title insurance on the property when it comes out of the trust.
I do not like the words “short-sale” “foreclosure bail-out” or any of that crap…’hurts too much when it snatches your crab apples while your sleeping (‘so to speak). I like Vanilla period! …from here on out! Never confuse the words Creative Financing with “Pipe Dream Rube Goldberg Mush Mission.”