Most of the grants do not allow for sale of the house and do not allow for someone to assume the loans.
I am thinking what the realitor wants to do, is let the current owner give you a quick claim deed to his right to the property, but not report the sale to the mortgage company but merely let you keep paying them under this mans name. Since any lien not cleared up at transfer of property stays valid, the quick claim deed would not make the lien invalid.
So after you paid off the loan, they would send the previouis owner a paid off deed of trust to the property ( to you really since they would send it to your address( when this is recorded it shows that the loan is paid off.
Then with your recored quick claim deed, you would own the property clear.
Problems, explaining if you try to sell the house how you had a quick claim deed prior to the paid deed filed. May cause a new buyer to have concern. If the loan company figures this out, it most likely violates loan agreement and can cause them to declare loan in default,
If the loan is not "assumable" meaning that they put your name on the loan,
Also property like this is often sold by "contract for deed" you are not actually given a deed, just a contract which says when you pay off this certain amount you will be given a clear deed. While I have bought properties like this, there is a lot of issues there, if you pay it off, but there is a lien by the original owner still on the house, you can sue but that is about it if they don't have the money to clear it up
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