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Updated over 11 years ago,

User Stats

203
Posts
93
Votes
Bryan R.
  • Tacoma, WA
93
Votes |
203
Posts

Short Sale clause: No LLC's allowed

Bryan R.
  • Tacoma, WA
Posted

Ran across an interesting short sale today. Listing agent had uploaded some relatively strict offer instructions and among those was

1. No LLC's or Assigns

I hadn't seen that before, so I call up the listing agent. Our conversation more or less after I say hello and inquire about the LLC restriction:

Her: Well that's just what we (seller and agent) decided to do.

Me: Ok...well I like to purchase my properties in a company name. Is there any particular reason Seller isn't accepting LLC offers?

Her: (something I couldn't make out)...if you were just going to call to harass me you shouldn't have.

And then she hung up on me.

Anyways anyone got any insight into the LLC restriction?

I think I'm just going to submit my offer tomorrow regardless, see if she presents it.

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