It might be cheaper than arguing and paying the attorney additional fees, holding up settlement and fighting over it.I'll bet the contract and norm is to transfer marketable title, insured title, unless stipulated in the contract, if this is a last minute issue I'd guess it's just the attorney, seeing if he can get away with it in representing his client.There is also another issue so far as financing, if your friend is obtaining a loan the lender will require a GWD being insurable as well, exceptions are made for institutional lenders selling as the property is sold by a corporate body arising out of a foreclosure, a different issue than buying from an individual.Make it a lending requirement for settlement and that SWD may go away.But, ask, are there any exceptions being made and why?

The minimum down payment is 35%, and there is no Canada Mortgage & Housing Corporation, (CMHC), mortgage insurance requirement.

With a bank owned property, you're seller is a corporate institution with corporate rules.

After signing a contract with the help of an attorney, I wired the money to a company incorporated in Nevada ( Lone Ceddar Corporation).

A key business professor I had when I was 19 (Part owner in a bagel chain called Big Apple Bagle that made some money) started a corporation where people could buy shares in a race horse and get returns on their investment based on share payouts of the horse's winnings.

Do not forget to add in accounting expenses, potential state taxes, corporate expenses, and misc. expenses.

Specifically, an LLC can be taxed as:- a sole proprietorship- a partnership- a C corporation- an S corporationDo you know how your LLC is taxed?

It will be interesting to see if corporate media outlets pick it up.Tim

A corporation has to be established, Articles of Incorporation, Bylaws & Restrictive Covenants have to be recorded in the county of the property.

The only thing I've heard that works rental-wise in areas like yours is short-term furnished housing for corporate or grad student rental.