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Forums » Starting Out » Offer made & accepted Under Company Name

Offer made & accepted Under Company Name Subscribe to Offer made & accepted Under Company Name

3 posts by 3 users

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Dolores Ruiz


Forum_avatar_avatar-darmax

Icon_minipost Jul 23 '08, 07:51 AM

I just made an offer on a foreclosure and got it accepted. The problem is that the hard money lender will not lend money under the company name but under my name. I found this out after the offer had been submitted and now accepted. Is there anything I can do at this time when I close on the property. Should I tell the hard money lender what the situation is and maybe at closing I can put the property under my name (not sure if this is allowed). What other vehicles are there for me to fund my deal and not loose out on a good opportunity...I will really appreciate any advise anyone can give me.

Edited: 06/26/2010 at 05:33AM


Pat Zorne

Real Estate Consultant · Las Vegas, NV


Forum_avatar_avatar-bubba

Icon_minipost Jul 23 '08, 08:15 AM

You should still be able to do it under your company name as long as you sign as the guarantoor using your name. If not get an addendum to the purchase agreement putting the deal in your name and then once it is done quit claim it to the company for asset protection

Edited: 06/26/2010 at 05:33AM


Robin Vidovich

Real Estate Investor · Reading, Pennsylvania


Forum_avatar_avatar-rdinvestors

Icon_minipost Jul 27 '08, 11:18 PM

Also touch base with your title company to get their prospective on how it can be done.

rdinvestors

Edited: 06/26/2010 at 05:35AM


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