Sylvia
All LLCs have a managing member or members. One or both managing members need to be entered as the purchaser - ie. social security and dates of birth, etc. in the initial short sale offer worksheet. Copies of the articles of incorporation will also need to be provided to BofA through equator. Most of our purchase contracts indicate the purchaser as something like - XYZ LLC, John Doe manager.
Bank of America will in my experience allow an LLC to purchase a short sale. You just have to provide the required documents.
Hope this helps
Sam
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.