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Updated almost 2 years ago on . Most recent reply

User Stats

1,254
Posts
342
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Rich Hupper
  • Broker / Investor
  • Tewksbury, MA
342
Votes |
1,254
Posts

Phantom Buyers? What is this?

Rich Hupper
  • Broker / Investor
  • Tewksbury, MA
Posted

Hello I am wondering if this is an actual concept in real estate. Basically creating a strawman entity or trust to make offers on another's behalf to protect their anonymity or give them the ability to buy something they normally wouldn't be able to buy because of a tarnished relationship between the two parties?

What would be the best entity to do this. What would be reasonable compensation for the fiduciary? How would proof of funds be disclosed to the sellers if they request to see it?

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