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Updated about 3 years ago on . Most recent reply
Making offer on Bank Owned property - use my name or LLC ?
Hi Everyone,
I am writing an offer on a bank owned property. Of course there are multiple offers. My question is would a bank see my offer more favorably if the contract is in our personal names or in the name of our company? (We are licensed General Contractors) Or does it not matter? I know I can quit claim it to one of our companies after I secure it if need be. There are no OO requirements on this and no waiting period for OO versus investor situations. Cash sale of course.
I'm just trying to find out if banks tend to "favor" one over the other and I will write the contract accordingly.
Thanks.