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Updated over 2 years ago on . Most recent reply

User Stats

190
Posts
123
Votes
Susan K.
  • Real Estate Agent
  • Palm Beach Gardens, FL
123
Votes |
190
Posts

Making offer on Bank Owned property - use my name or LLC ?

Susan K.
  • Real Estate Agent
  • Palm Beach Gardens, FL
Posted

Hi Everyone,

I am writing an offer on a bank owned property. Of course there are multiple offers. My question is would a bank see my offer more favorably if the contract is in our personal names or in the name of our company? (We are licensed General Contractors) Or does it not matter? I know I can quit claim it to one of our companies after I secure it if need be. There are no OO requirements on this and no waiting period for OO versus investor situations. Cash sale of course.

I'm just trying to find out if banks tend to "favor" one over the other and I will write the contract accordingly.

Thanks.

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