This is a HAFA short sale and I'm the buyer agent.The 2nd lien holder, an AZ credit union sent a form demanding that the buyer and the buyers agent sign "agreeing" to the buyer depositing a…Continue
I represent the Buyer. The lender PNC/Chase just responded to our offer with the fact that they will not sell to my buyer's LLC. They will only sell to an individual.
My buyer is a Canadian and the U.S. LLC has his wife and 2 children as Members. The purpose of the LLC in addition to the liability protection is to avoid tax consequences.
If they buy as an individual, and 3 months down the road Quit Claim to the LLC, the IRS may view it as a sale and the title company could be…Continue
Does anyone know of a good Transaction Management System that can be used for everything:
REO list properties including expense tracking
Short Sales including ss package organizing, sorting, page numbering, headers with loan number and customer name, 1etc
Buyer client transactions
A client is in Chapter 13
He wants to short sale his rental unit which is in bad condition (currently unrentable)
Comps show upgraded homes in the community as competition sold at average $115
Subject property needs $25-$30 work to bring to comp condition.
Several buyers are interested.