I get low DP, being creative and all that, but I bet skipping proper title DD on top of not knowing how to handle hazard or title insurance beneficiaries will blow you up.  

Those buyers that do have a reasonable plan to satisfy this requirement -- such as deeding to a trust settled by the current owner and later changing the beneficiary of the trust -- don't have an escape plan for when the asset stops cash-flowing or the lender calls the loan.Unless you have considerable cash on hand (or accessible) to deal with the potential storm when the market tanks or the loan is called, it may be best to just work the deal out with the seller and learn how to do your own title search and deed prep.

A seller may be selling to cover debt, for medical care costs or downsizing due to disability, house is sold following a divorce, or a family member passed away and the beneficiary/trustee needs to pay the estate debt, cover probate, or doesn't have the time/resources to handle the property.

Seems like the primary beneficiary of this ordinance are the insurance companies who sell these products and I’m told were the ones lobbying for it.

There beneficiaries will now have homes in a terrible market, and want to sell to obtain liquidity.

Make sure to update the beneficiary info on the IRAs (a lot of people forget to do that, or don't make changes as their families grow).

You can have a natural person or LLC as the beneficiary - the choice between the two is one of tax liability as they are pass through entities; not civil liability.

Daly proved that this never took place and that all the bank was doing was converting his promissory note (the value) into credit and assigning themselves as beneficiaries to his promissory note and subsequently separating it from the deed.

.,  It's during the closing stage the PR prepares final report and accounting to submit to the court and beneficiaries for approval ~ closing the estate.So, you should be safe in sending your probate letter of inquiry.

My understanding of trusts is that you can add the part about no beneficiary may anticipate or pledge any assets and not creditor may attach the assets for the benefit of the beneficiary, etc.