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Updated over 2 years ago on . Most recent reply

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Raja Nahs
3
Votes |
8
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Seller transfers title to LLC during escrow

Raja Nahs
Posted

Hello-

I'm Buying a property (single family home) in San Diego. Seller is accepting my offer and has added this in his counter- "Seller will transfer title to his LLC during escrow"

I'm not sure how this will work as the contract I'm signing now is between me and him. Wouldn't this be void when the title transfers to a LLC and the contract has to be done all over again with the LLC?

Secondly - do sellers do this for tax purposes?


Please advice.

Thanks!

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