Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 11 years ago,
Short Sale clause: No LLC's allowed
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.