How Long Does It Take to Close with Owner Financing When the Owner Has a Mortgage?

mortgage

In other words, what time-consuming activities have to happen before closing, when the owner providing the financing is already satisfied of the property’s value and condition, so there is no need for additional inspection, appraisal, etc.?

I assume the key issues are paying off the owner’s mortgage, tape the owner-financed mortgage, and getting the title transferred to the new owner. But do those get done before or after closing?
The owner’s liquid assets plus the seller’s down payment will add up to enough to pay off ther owner’s mortgage.

What Are Some of the Best Ways to Protect Personal Assets in California?

refinanced

To make long tale small, I’m facing a possible foreclosure on my first primary residential property in California. It’s a money buy loan and it has never been refinanced. Due to the current California laws, I’m protected under what is called “anti-deficiency” law meaning once the bank foreclosed the property; they are not allowed to come after me for the balance that didn’t satisfy the loan balance after the sale of the auction. I want to be sure that my tiny personal assets are shielded from other unseen circumstances so here’s my question: I bought a tiny residential parcel lot back in 2003 at a honestly cheap price in California using an owner financing agreement and it will be paid off next month. The grant deed will then be transferred onto my name and gets recorded with the district. What are the best strategic ways to transfer the title to me without the possibility of losing this property in case I get sue. The current value of this parcel lot is at around $45k. I don’t

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