Broker Gets a Loan for You?

[Dovid Staples]

Hi BP,

I was trying to determine ownership of a property. The DOT and the LLC address pointed to a brokerage firm (and one of their brokers signed the loan). I called the person who signed the DOT at the brokerage and he told me who the owner was and that since they were an out-out-of-state first time buyer he couldn't qualify for a loan "so instead he coaxed us into signing a non-recourse loan for him"

Is this what it sounds like?