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Updated about 17 years ago on . Most recent reply

User Stats

65
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0
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Frank White
  • Real Estate Investor
  • Chicago, IL
0
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65
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buying REOs using land trust or llc

Frank White
  • Real Estate Investor
  • Chicago, IL
Posted

I'm working with a bank that will not allow me to assign a contract on an reo but they will allow me to buy using land trust or llc.

I have very little experience structuring a deal this way but:

will using a land trust allow me to close with the end buyers funds? and then I take those funds and pay the bank???

how can I show title to the end buyer's lender and let them know I have an interest in the property and able to sell?

need help asap

thanks

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