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Updated almost 15 years ago,
Short sale strucutre
Hey guys and gals,
Im struggling here a bit. Ive been working for another company in my area for the past few years with the intent of branching off and opening my own company which i did a few months back.
I don't know if im paranoid or simply the way they structured their business entities to complete a shortsale is just throwing me off.
Here is what they did. They have a brokerage firm, who handles the listing. They have a "bank relations company" who negotiates the short sale. And they have a phantom llc who is purchasing the property on the A-B side. There are two people who manage each of the 3 entities involved. They even have a girl sign a phantom name while speaking on behalf of one of the entities.
So, here is my question. I am one man, have my license and own an investment company. How can I take the listing, negotiate the short sale, buy and then sell for a profit? Is it possible? Do I need an agent to represent me to fix this issue. How are all of you structuring your deals entity wise?
As much info would be helpful. Thank you all in advance