Using a lawyer is one way to help improve the odds as you now have the lawyer liability insurance on the line.Pick up William Bronchick's Wealth Protection book ~$14.00 on Amazon).

Are there any weird things to know about property taxes, insurance or how to take title in Oregon?

And as such, something I feel obligated to let the seller know ahead of time in all fairness.Thanks again

In a triple net lease, the tenant pays taxes, insurance, and maintenance.

State mortgage tax rates, title bill/searches, title insurance, recording and notary fees,etc.

And also wouldnt the best spot to be then to be carrying the first AND escrowing taxes and insurance to protect your position, and the property?

Does the developer has any obligation to sell the property to him at the $175, 000 price since the construction has taken so long ?

They also pay for title insurance to benefit the lender.

So this means I needed to get PMI insurance( note the 58,300 is with seller cons. included) I want to know since its assessed for more than I paid this is technically equity built in correct?

., lender (traditional) approves end buyer for x amount, but they do not typically like to lend or approve a "land trust".....in addition, the lender would be requiring title insurance and a lender's policy...but, this could not happen via a land trust.i hope i explained this clearly......please correct me [anyone] if i am not thinking straight.....