All Forum Posts by: Ryan Beasley

 I am the selling agent not the listing agent. Would there be an issue with that?

@Winston Spence

The company is myself and my partner only, so we are the board of directors as well.  We have always provided a letter from "board of directors" stating that I have the authority to sign solely for purchase of said property, signed by both of us. Both of us are listed as managing partners in articles of inc as well, which was provided.

Working on my second HUD contract as both agent and buyer. Received a rejection that the proof of funds was in the name of my partner, not the company. We provided all articles of incorporation and an unanimous consent from board of directors stating that the company was authorized to purchase the property and procure funds for purchase from my partner. We used the same paperwork on the first HUD with no issue.

The listing broker had never heard of this before. Anyone else have any experience of how to deal with this, short of transfer funds which could not be completed before cut off.

Carpet would be your best bet. All other flooring will expand and contract excessively under those conditions. If you install during the hotter season you risk the floor most likely gapping and coming apart during the winter or buckling during the inverse.

If you are set on some type of hard surface flooring a dehumidifier could help reduce some of the risk for the time being, since changes in humidity and moisture are actually what cause expansion and contraction not temperature, they usually are just tied hand in hand.

The larger the room the more the floor will move. By the way I have a flooring store, so I have seen this situation played out many times.